Tony Mudd: Loaded premiums - Not on my watch

‘We should root out this practice’

clock • 3 min read
Tony Mudd: Loaded premiums - Not on my watch

SJP's protection expert, Tony Müdd, writes that the new product governance rules are the prime opportunity for the protection industry to finally put an end to loaded premiums.

I am a great believer in the idiom you get what you pay for. Whether paying a little more for a better-quality product, or a product that is delivered to your front door, or a product that will last longer, or a product that is wrapped around a better customer experience. All are examples of a well-established principle that everybody understands and accepts. Or do they?  The Financial Conduct Authority (FCA) product governance rules, which came into effect on 1 October this year, are desi...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits