Value Assessment

We would like to make you aware of the outcome of value assessment that Ceta have now completed in accordance with PROD 4.3.

We are pleased to confirm that we have reviewed and analysed appropriate MI and the Value assessments undertaken by our insurers on the products which we distribute, and have concluded that the products which you distribute on behalf of Ceta offer fair value to customers within the product’s target market in line with the FCA PROD rules.

We haven’t identified any products that require remedial or mitigating action to be taken due to either the product, or the distribution arrangements regarding that product, not providing fair value to our customers. We consider that due to the insurer’s underwriting guide and eligibility criteria being built into our quote engines, policies cannot be offered to consumers that do not meet their eligibility criteria or are outside of their target market.

Where we provide a legal cover as a package with the main insurance policy, this does not have a detrimental effect on the intended value of any of the insurance products being sold. Selling the covers together in this way are consistent with the aim of providing fair value to a customer.

As part of our own assessment we have considered that the products have consistent target markets and that the that these covers do not result in duplicate cover that could detrimentally affect the intended value of each individual product.

Below are links to the insurers assessments which we have received in accordance with PROD 4.2.14AR and 4.2.14BR.

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