The Association of British Insurers has published a new Statement of Good Practice on Pension Maturities to help insurers communicate with consumers about what to do when their pension matures and they buy an annuity.
The Statement sets practical standards for providing consumers with accurate, user-friendly information and says consumer materials should conform to the following principles as far as possible: The overall aim should be to give consumers timely, accurate and consistent information that can be easily understood; All consumer materials should be expressed in plain, consistent English; Guidance on how to seek further help will be clear and simple; Consumer communications should be personalised and expressed, wherever appropriate, in the second person; and All correspondence before ...
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