'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

What do younger clients really want from their adviser?

What do younger clients really want from their adviser?

'They're going to need all the help they can get'

Justin Cash
clock 21 October 2026 • 5 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read
True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

Short-term policy decisions ‘disturb’ advice landscape

Sophia Panayi
clock 20 October 2026 • 2 min read