Holloway Products

Holloway Friendly has launched a new Income Protection plan tailored specifically for mortgage advisers to sell.

Cirencester friendly says the outlawing of gender-based underwriting could be a boon for providers selling Holloway-style income protection (IP) plans.

The FSA is consulting on exempting Holloway products from RDR fee-based payments, but the devil is in the detail as the exemption would not apply to all products.

The Association of Financial Mutuals (AFM) has welcomed the FSA's exemption of Holloway protection products from the Retail Distribution Review (RDR) but said the ‘limited' concession does not go far enough.

The FSA today proposes income protection plans with a 'small' investment element, better known as Holloway policies, should be exempt from the RDR's adviser charging and professionalism rules.

Cirencester friendly has called on the government to play its part in supporting simple financial products by publicising those that already exist.

With the protection sector dominated by giants of the insurance world, Owain Thomas spoke to Cirencester friendly's Paul Hudson to hear a smaller provider's view