Savings: ‘No frills’ savings and insurance products to be launched

Savers suffer as savings accounts are withdrawn_istockphotoFour new ‘no frills’ savings and insurance products have been designed and could be available over the coming months. The news comes after a The Sergeant Review of Financial Products, launched by the Treasury last year, has now reported back after consulting with regulators, banks and building societies as well as the Money Advice Service. No advice needed The products, which will be identified with a “Kitemark”, will be available to be bought without the need for advice and are designed to be simple enough to ...