GE Life has lengthened the guarantee period of its annuity quote and is calling on rival providers to follow suit, as implementation of the Distance Marketing Directive could affect the annuity rate offered.
Scottish Provident is implementing changes to its sales regime for protection intermediaries as new EU rules on online and telephone product sales come into force next month.
Advisers have already been told the gist of the FSA's rules on distance marketing - that stronger cancellation rights apply - but there are also other points to consider in the document published by the regulator today.
Consumers of financial services and products offered via distance will get stronger rights to cancel their contracts under rules outlined today in the FSA's Policy Statement 04/11, which contains feedback on CP 196 Implementation of the Distance Marketing...