Are simple products a threat to IFAs?

clock

Proposals for ‘simple' products have raised the question: Is there a danger that, with basic solutions available, consumers with complex financial needs may bypass the advice channel?

Conscious of the impending pensions crisis – where individuals’ failure to save for ­retirement will collide with the state’s ­inability to provide for them to a decent ­standard of living in old age – the Treasury recently ­embarked on a drive to help consumers save for the long term. Amid concerns that consumers find the ­financial services market “bewildering”, HMT created a ­steering group tasked with developing simple products, following a government consultation launched last December which set out how they could be brought to market. Simple products sit alongside other consumer...

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 Investment

Why should investors back China in the worldwide robotics race?

Why should investors back China in the worldwide robotics race?

The race to identify Asia's hidden gems

Xin-Yao Ng
clock 19 June 2026 • 5 min read
UK small-caps – down and out or ready for a rope-a-dope?

UK small-caps – down and out or ready for a rope-a-dope?

'Our faith is rooted in our own in-depth research and direct engagement with businesses'

Eustace Santa Barbara
clock 19 June 2026 • 5 min read
US-Iran truce eases inflation picture but markets to experience 'hangover'

US-Iran truce eases inflation picture but markets to experience 'hangover'

Fed and BoE face 'balancing act'

Michael Nelson
clock 15 June 2026 • 3 min read