Changes should help advisers and consumers ‘better understand’ Vitality concept, writes Alan Lakey
Simplification has without doubt been the compelling theme for 2020 and Vitality has stepped up to the plate to deliver its own version of simplification. Offering varieties of plans to choose from adds one level of complexity but historically this has been augmented by the myriad options applicable to each plan. Choice is good but it is well known that overmuch choice serves to confuse and acts as a disincentive to proceed. Today's changes act to remove a number of confusing elements which should serve to persuade advisers to reassess their viewpoint and consumers to better understand t...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.