The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

[F1Insurance product offers communicated to employees by employersU.K.

72B.—(1) If the requirements of paragraph (2) are met, the financial promotion restriction does not apply to any communication which is made by an employer to an employee in relation to work-related insurance.

(2) The requirements of this paragraph are that—

(a)where the provider of the insurance is not the employer, the employer has not received, and will not receive, any direct financial benefit as a result of making the communication; and

(b)in the case of a non-real time communication, the communication contains, or is accompanied by, a statement informing the employee of their right to seek advice from an authorised person or an appointed representative.

(3) In this article “work-related insurance” includes—

(a)life assurance;

(b)long term disability insurance (also known as permanent health insurance); and

(c)accidental death, injury, critical illness, medical, dental, income protection or travel insurance.]

Textual Amendments