Simple savings & insurance products coming your way

Life-insurance

Good news for anyone who feels confused by the many complex savings and insurance options on the market, as four ‘no frills’ products have been designed by a UK Treasury committee.

The committee has created an easy-access savings account; a 30-day notice savings account; a regular savings account; and a life insurance policy. Providers will use the same terms and conditions, but will be able to compete on price, service and value. 

It’s not yet clear when exactly the products, designed to make it easy for consumers to shop around, will be launched – so watch this space! 

Source: BBCNews.co.uk

 

 

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