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