Phil Veale of Chiltern Consulting looks at “Simple Financial Products”
No doubt you’ve seen the Treasury consultation paper on Simple financial products; the responses need to be in by 25th March by the way. If you’ve not, you’ll find it at: http://www.hm-treasury.gov.uk/consult_simple_financial_products.htm The words “simple products” are ones we hear on a regular basis. There’s been very little very little progress over the years, but now Government have given the subject some exposure. They are suggesting the lead products should be Savings and Protection. My view is that Deposit Savings products will be difficult to promote in current economic climate. Plus, without Protection, all other products are likely to fail…
read more »