Simple product suite to include whole-of-life cover

clock

A suite of simple products designed to help consumers navigate the financial services market is to include a whole-of-life insurance plan.

The product will be in addition to an easy access savings account; a 30-day notice account; a regular savings account; and a simple-term life insurance product. There are also plans for a simple income replacement product. The range is outlined in the final recommendations of a report into simple products put together by an independent steering group set up by government. All products included in the suite will be non-advised and must comply with an agreed set of high-level principles, including product features, language and pricing transparency. The language used in simple produc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA urged to 'think again' on targeted support annuity rules

FCA urged to 'think again' on targeted support annuity rules

Regulator’s MoneyHelper signpost criticised as a ‘real limit’

Isabel Baxter
clock 03 September 2025 • 2 min read
FCA continues data reporting cuts

FCA continues data reporting cuts

Regulator removes more data returns

Isabel Baxter
clock 28 August 2025 • 1 min read
Regulatory and employment-related changes – what do firms need to prepare for?

Regulatory and employment-related changes – what do firms need to prepare for?

‘Getting these issues right is not just about avoiding regulatory action or tribunal claims’

Sophie White
clock 21 August 2025 • 4 min read