Open products fair value outcomes
The annual fair value assessments for our protection products have produced the following outcomes:
Fair value outcomes (open products)
| Product name | Assessment outcome | Assessment date |
|---|---|---|
| Whole of Life | Pass | June 2025 |
| Business Whole of Life | Pass | June 2025 |
| Personal Protection | Pass | August 2025 |
| Business Protection | Pass | August 2025 |
| Relevant Life | Pass | August 2025 |
| Income Protection | Pass | September 2025 |
| Income Protection (new) | Pass | March 2025 |
| Zurich Accelerate | Pass | March 2025 |
What happens if a product doesn’t pass?
If we determine that fair value is not being provided, we will engage with the relevant distribution channels to agree on appropriate actions.
For new business, this may involve:
- Reviewing the premium levels of the product
- Reviewing the benefits offered
- Closing the product altogether
Additionally, we may review premiums through certain distribution channels to ensure they reflect the nature and quality of the business sold.
Senior management and the Board monitor all actions raised in our product reviews and fair value assessments, which include target completion dates.
