Barclays has launched an online pension term assurance (PTA) product direct to consumers with a penalty-free conversion option.
The Exchange has announced the addition of Standard Life and Royal Liver to its Pension Term Assurance (PTA) service.
Scottish Equitable Protect has announced details of its new Pension Term Assurance (PTA) contract - "Life Protection with Tax Relief" (LPTR) - which will be available from 6 April.
Providers are concerned intermediaries could be confused by the need to present consumers with a different forms of pension term assurance (PTA) key facts documents, once they have decided whether they sell the product under ICOB or COB rules.
The FSA is amending its ICOB sourcebook to allow pure protection advisers to offer consumers pension term assurance from April 2006, albeit with enhanced requirements.