Responding to HM Treasury’s announcement on simple financial products, Which? executive director, Richard Lloyd said:
“We welcome proposals to give consumers clearer, concise and jargon-free information so they can easily compare savings, insurance and other financial products.
“Consumers should not have to tackle pages of terms and conditions and they should be told clearly what rates and charges apply, so they can shop around more easily and get a fair deal. We now look to the financial services industry to deliver on these proposals.”