Our new Regular Savings Plan
We’ve launched our new regular premium product – Regular Savings Plan (RSP).
RSP and the RSP Malaysia variant are the first of RL360’s new style of more flexible products.
Key features:
- Separate life assurance and capital redemption versions.
- Supported by a new illustration system.
- Although the requirement to introduce Key Information Documents (KIDs) will not come into force until 1 July 2019, as per the new Conduct of Business (CoB) code, for RSP only we have decided to introduce a KID with immediate effect.
- An RSP product guide will replace the product brochure and product profile. The KID will replace the key features document. The KID will not initially, however, include adviser charging information (this will be added, where it is a requirement, once phase 2 of CoB comes into force on 1 July 2019).
An online application app for RSP is being worked on and will launch soon.
To ensure a smooth transition for our advisers from our current regular savings products to RSP, we intend to continue to offer Quantum and Paragon until the end of Q1 2019.
Further information about RSP can be found on our product pages.