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Status: In force
Version date: 1 June 2014 - onwards
  Version 2 of 2    

Appendix 1: Retail financial products (effective from 1 June 2014)

For the purposes of this Code, the following are deemed to be retail financial products:

1. Life Assurance

  • temporary assurance policies;
  • whole of life policies;
  • life assurance savings and investment policies;
  • tracker bond policies;
  • permanent health insurance policies; or
  • industrial assurance business [as defined in Regulation 2(1), European Communities (Life Assurance) Framework Regulations, 1994] 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 contracts of assurance;
  • approved retirement funds (ARFs) whose liabilities are fully secured by one or more contracts of assurance;
  • approved minimum retirement funds (AMRFs) whose liabilities are fully secured by one or more contracts of assurance;
  • annuities;
  • buy-out bonds.

3. Savings and Investments

  • lif
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