Insurance: UK Gov consults on "simple financial products."

The consultation proposes:

* industry and consumer-led development of a new category of simple financial products, with standardised features;
* that the first simple products to be developed should be deposit savings and life and income protection insurance products;
* that simple products should not be subject to price-caps, and provision should be voluntary.

The Government is now seeking input from consumer groups, the financial services industry, and other interested parties, to develop simple products further.

Location: http://www.hm-treasury.gov.uk/consult_liveindex.htm
Closing Date: 25 March 2010.