Air your views on life policies

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The Independent Online
CONSUMERS with strong views on the way life insurance companies are to disclose the expenses they levy on policies may want to make them known to the Office of Fair Trading.

Last week the Securities and Investments Board and the Life Assurance and Unit Trust Regulatory Organisation (Lautro) announced new rules on the marketing of life insurance policies. Investors are to be told how much of their premium is being eaten up by expenses, but there will be no requirement to state the salesman's commission.

The OFT is now examining the rules to see whether they provide for sufficient competition.

Write to: Andrew Sanders, Office of Fair Trading, CP2a, Room 426, Chancery House, 53 Chancery Lane, London WC2A 1SP. The deadline is 4 September.

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