Treasury begins 'simple' products drive

Chaired by former Lloyds Banking Group chief risk officer Carol Sergeant and including representatives from Government, industry and trade and consumer bodies, the group will devise a suite of simple products to help consumers save for the long-term. It will report back to financial secretary to the Treasury Mark Hoban by July 2012, setting out how to bring the products to market and how they will be structured and marketed to ensure consumers get the bet deal. Responses to a Government consultation on simple products, published today, suggest the group should initially focus on simpl...