Product Oversight & Governance

Product Oversight & Governance

Under the FCA’s Product Oversight and Governance (“PROD”) rules, Morton Michel has co-manufacturer responsibilities for the Childcare & Business Combined product we provide, and we take our regulatory duties for product governance and oversight very seriously.

Working collaboratively with our insurer partner Morton Michel operates a robust framework that provides an effective review and oversight process of our product, this includes new product developments, product changes and fair value assessments.

This page includes information on our Product Oversight and Governance arrangements.

Frequently Asked Questions

Who is the Product Manufacturer?

Childcare & Business Combined:

  • Childcare Agencies
  • Children’s Activities
  • Children’s Sports Coaching
  • Community Groups
  • Education & Training
  • Indoor Play
  • Nursery
  • Out of School
  • Parent & Toddler
  • Preschool
  • Childcare Combined

The Target Market Statement is available and published on our website here.

In conjunction with insurers appropriate action would be taken to stop any further harm from occurring and inform all our impacted distribution partners and customers about the remedial action being taken. This could include, but is not limited to:

  • Amending distribution arrangements
  • Amending remuneration structures
  • Adapting, or withdrawing the product

On an annual basis we’ll be requesting data from our brokers to allow us to assess if the arrangements in place remain appropriate and represent value for the customer. As a minimum, the information we’ll require to carry out our assessments will be in accordance with the FCA’s PROD rules.

Each assessment will include commercially sensitive information so these will not be available for distribution. If we or our insurance partners do not believe a product offers Fair Value, you will be informed immediately.

This page should provide you with the information that you need. If you have any further questions, please contact us at: