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Product Governance & Fair Value Information
Convex operates a governance process to oversee the design, approval and review of our products in line with the requirements of the FCA PROD 4 rules and the Insurance Distribution Directive (EU) 2017/2358.
Where Convex is deemed a ‘manufacturer’ of a product under PROD 4 and IDD, we conduct an annual target market and fair value assessment to ensure the suitability of the product to intended markets. Information relating to these assessments can be found in the product passports below.
The product passports specify target market(s), distribution strategy, and the outcome of our fair value assessments.