A reminder of which Key Features Document to use to meet regulatory requirements

For products subject to ICOBS † regulation it is a requirement that the associated Key Features Documents, include a FSA ‘key facts’ logo.

Any Key Features documents for protection products that remain subject to the existing Conduct of Business Sourcebook (COBS*) must not include the ‘key facts’ logo.

*COBS protection products include Whole of Life and Term products which go past age 70 with a term of 10 years or more or where a conversion option is included.

It is important to use the correct Key Features Documents and:

	Ensure that any customer, who is sold an ICOBS    protection product, receives a Key Features Document    that includes the ‘key facts’ logo.
	Ensure customers who are sold a COBS protection    product do not receive a Key Features Document with    the ‘key facts’ logo.

Not using the correct literature could lead to a breach of FSA regulations. The possible consequence of this is that it is likely that the correct documentation would be required to be supplied and explained to your client, resulting in additional work, time and effort as well as possibly damaging your reputation.

The correct Key Features Documents for each type of Legal & General protection product are shown below.

Pure Protection product (ICOBS)

	Family Protection Key Features	W9417
	Mortgage Protection Key Features	W9416
	Protection Choices Key Features	W9415
	Family and Personal Income Plan Key Features	W9414
	Mortgage Payment Insurance and Unemployment Key Features	W7369
	Income Protection Benefit Key Features	W8681
	Business Protection Key Features	W10330

Non-Pure Protection product (COBS)

	Mortgage Term Assurance Key Features	W9408
	Mortgage Decreasing Term Assurance Key Features	W9409
	Term Assurance Key Features	W9406
	Business Protection Key Features	W9419
	Whole of Life Protection Plan Key Features	W10242

The items above can be ordered from your usual Legal & General contact or your service team.