Criticism over FSA's verdict for term assurance

Guests at COVER's Think Tank debate on regulation disagreed with the FSA's decision to keep term assurance that runs past clients' 70th birthdays as an investment product. As more people work past retirement age and have longer mortgage terms, it is likely more clients will demand longer terms on protection. Speaking at the debate, Nick Kirwan, head of protection at Scottish Provident, said: 'Advisers could find themselves in a position ' if they offer an increased term ' where they are suddenly using the wrong sales process with the wrong literature and it may even be with the wrong auth...