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Protection products to be excluded from menu

Depolarisation final rules show that the FSA has decided not to include protection products on the menu.

Responses to the consultation called for the regulator to exclude long term care products from the menu as they are not considered to be sufficiently mass market, but to include protection products as they form a large part of the retail market.

But the FSA says protection will be excluded, as including it on the menu for investment firms could place general insurance firms at a competitive advantage as it would result in different disclosure requirements for different firms selling the same products.

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