'No adviser wants to say he can't help '

Advisers explain why a suite of Treasury-approved simple products could still be helpful to the advice industry, despite widespread opposition and past failures.

clock • 2 min read

Advisers explain why a suite of Treasury-approved simple products could still be helpful to the advice industry, despite widespread opposition and past failures.

The next step in developing a range of government-approved simple products began last week with the launch of a steering group, which includes the Association of British Insurers (ABI), Money Advice Service and British Bankers' Association. Its chairman, Carol Sergeant, the former head of risk at Lloyds TSB, said the products, which will initially comprise deposit savings and protection insurance, would operate on a non-advised basis only. However, she said advisers would still find a use for them. "If you are advising on a product, you have to be mindful of what the benchmark product...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Who really owns the digital client relationship? From ownership to orchestration

Who really owns the digital client relationship? From ownership to orchestration

The battle for the digital layer

Tessa Lee
clock 23 February 2026 • 5 min read
Why more financial advisers should post on TikTok

Why more financial advisers should post on TikTok

‘In 2026, financial advisers should take another look at TikTok’

Joe Jordan
clock 23 February 2026 • 4 min read
Treasury's AR consultation: Extending the FOS' scope a 'concern'

Treasury's AR consultation: Extending the FOS' scope a 'concern'

‘FOS needs to be overhauled as it is’

Isabel Baxter
clock 19 February 2026 • 4 min read