In an effort to increase consumer confidence and engagement in the industry the concept of a protection product quality mark has been suggested. Would you broadly support this idea, and what issues would it raise?
Ashley Clark, Advisers United.com A protection product quality mark, while appearing desirable, is in my opinion, based upon previous attempts of a similar nature, a complete waste of time, effort and money. Remember ‘CAT’ Standard Mortgages? Remember ‘CAT’ Standard ISAs? I bet many advisers let alone consumers cannot remember what CAT stood for (Charges - Access - Terms). Stakeholder pensions were so unsuccessful that we now have NESTs coming soon (the National Employment Savings Trust). I would also guess that most professionals reading this article, let alone consumers, have never...
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