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Long Term Product Guarantees

This working party will investigate long terms guarantees on pensions, savings, protection and annuity products.

Key objectives:        

The two key questions to be answered are:

  • Do long term insurance guarantees have a future in the UK?
  • What could be done to make them more affordable and attractive?

Additional areas we also plan to investigate are:

  • Can these products be simplified to ensure that the customer understands the features/risks?
  • Is there consumer confidence / a market for these products following Equitable Life and mis-selling of endowment mortgages?
  • How viable are these products in a low interest environment?
  • What new products and features could be developed to meet any need?
  • Are there any limitations imposed by current capital requirements that would require to be overcome?

Key outputs:

Chair:  Brandon Horwitz
Membership: 7
Established: 2019

Related documents

Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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E.g., 24/09/2021
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Events calendar

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