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 designed...
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.
- Exclusive access to our fortnightly Protection insight mini-podcast.
- Be the first to hear about our CPD accredited events and awards programmes.
