For the purposes of this Code, the following are deemed to be retail financial products:
1. Life Assurance
- Life insurance policies of the classes specified in Schedule 2 to the European Union (Insurance and Reinsurance) Regulations 2015 and life insurance policies of the classes specified in Part A of Annex I of the European Communities (Life Assurance) Framework Regulations 1994, including:
- temporary assurance policies;
- whole of life policies;
- life assurance savings and investment policies;
- tracker bond policies;
- permanent health insurance policies;
- industrial assurance business [as defined in Regulation 3 of the European Union (Insurance and Reinsurance) Regulations 2015] policies.
2. Pensions
- occupational pension schemes whose liabilities are fully secured by one or more contracts of assurance;
- personal pension plans;
- personal retirement savings accounts (PRSAs);
- additional voluntary contributions (AVCs) whose liabilities are fully secured by one or more contra
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