Overview
Under the new Consumer Duty rules, all Product manufacturers of regulated products were required to conduct a fair value assessment of their products. These fair value statements need to be assessed by each individual firm to review whether they believe the products offer fair value to their customers or not. The statements should help you to:
- Understand the characteristics of the products;
- Understand the identified target market;
- Consider the needs, characteristics and objectives of any customers who may potentially be vulnerable;
- Identify the intended distribution strategy; and
- Ensure the product will be distributed in accordance with the target market.
In this short video below, see how easy you can access this information via The Exchange and Communities.
See it in action
Let us show you how with a simple scenario in just 3 minutes.
Speakers
- Thomas Gaston - Associate Product Manager
Find out more
Want to know how The Exchange makes finding and applying for the right products easy, helping you find the right solutions for your client's.
Join the conversation
Why not follow us on LinkedIn and find out how we're making it easier for advisers to research, quote and apply for clients' mortgage, protection, retirement, savings and investment needs.
https://www.linkedin.com/showcase/life-pensions-mortgages
