'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

Meeting the needs of vulnerable consumers in financial services

Meeting the needs of vulnerable consumers in financial services

'The dynamic nature of vulnerability can make determining who's in scope complicated'

Shriya Patel
clock 14 January 2026 • 4 min read
Ten firms achieved CII Chartered status in second half of 2025

Ten firms achieved CII Chartered status in second half of 2025

Across financial planning and insurance

Jenna Brown
clock 13 January 2026 • 1 min read
FSCS sets £108m budget for 2026/27 as costs fall in real terms

FSCS sets £108m budget for 2026/27 as costs fall in real terms

Compensation scheme plans lower core costs

Sahar Nazir
clock 13 January 2026 • 1 min read