Ikea Mis sold Item

unholyangel

Sandtree said:

unholyangel said:

Sandtree said:

unholyangel said:
D&G are selling insurance, as are argos and curry's etc via their extended warranties. 

Brand is the thing on the front, manufacturer may be something else.

In this day and age though its increasingly complex... every single OLED TV screen you look at has been manufactured by LG, various companies then buy these and add their own case, electronics, potentially someone else's software (eg Google).  Many then pay the likes of FoxConn to assemble them. They may then put their brand or someone else's on the front of it. If someone asks brand, its the thing that it says on the case, you cannot start trying to unpick the supply chain to claim its something else... though I understand if you have a budget brand on the front of your OLED TV you may want to claim its an LG 


As to the above point... certainly Curry's don't sell insurance, Dixon's group have spent a lot of time and money to ensure none of their's count as insurance... D&G have a blend but favour the non-insurance... cannot comment on Argos but as a rule of thumb if you can avoid the cost of SII compliance, being regulated by the PRA and having to deal with the FOS you will.

Brand is name/image/reputation. Badge is the thing on the front. 

Currys do repair/service plans and also insurance (or at least did).

The badge displays the brand and most likely a logo. A brand may well have a reputation and many companies own a stable of brands aimed at different market segments/propositions. 

Currys do repair/service plans and not insurance other than on mobile phones... unless its changed, certainly was the case a few years ago. If you look at https://www.currys.co.uk/care-plans-important-links.html it explicitly states it is not an insurance policy

You may want to tell the supreme court they don't know what they're talking about then, since they ruled extended warranties are contracts of insurance even if they don't pay a monetary sum. 

Sandtree

unholyangel said:

Sandtree said:

unholyangel said:

Sandtree said:

unholyangel said:
D&G are selling insurance, as are argos and curry's etc via their extended warranties. 

Brand is the thing on the front, manufacturer may be something else.

In this day and age though its increasingly complex... every single OLED TV screen you look at has been manufactured by LG, various companies then buy these and add their own case, electronics, potentially someone else's software (eg Google).  Many then pay the likes of FoxConn to assemble them. They may then put their brand or someone else's on the front of it. If someone asks brand, its the thing that it says on the case, you cannot start trying to unpick the supply chain to claim its something else... though I understand if you have a budget brand on the front of your OLED TV you may want to claim its an LG 


As to the above point... certainly Curry's don't sell insurance, Dixon's group have spent a lot of time and money to ensure none of their's count as insurance... D&G have a blend but favour the non-insurance... cannot comment on Argos but as a rule of thumb if you can avoid the cost of SII compliance, being regulated by the PRA and having to deal with the FOS you will.

Brand is name/image/reputation. Badge is the thing on the front. 

Currys do repair/service plans and also insurance (or at least did).

The badge displays the brand and most likely a logo. A brand may well have a reputation and many companies own a stable of brands aimed at different market segments/propositions. 

Currys do repair/service plans and not insurance other than on mobile phones... unless its changed, certainly was the case a few years ago. If you look at https://www.currys.co.uk/care-plans-important-links.html it explicitly states it is not an insurance policy

You may want to tell the supreme court they don't know what they're talking about then, since they ruled extended warranties are contracts of insurance even if they don't pay a monetary sum. 

Then you need to tell the Bank of England/PRA and similarly the FOS/FCA @unholyangel because they allow them not to be consider insurance. No Solvency II capital, no complaints to the FOS, no insurance levies, no IPT etc

Some extended warranties are, some aren't. For years the likes of DSG have been very careful to ensure theirs aren't. If you have a Supreme Court ruling then would be interested to see it, and when its from. It wasn't that long ago that I was working for a large warranty company and 90% of their products weren't insurance. 

unholyangel

Sandtree said:

unholyangel said:

Sandtree said:

unholyangel said:

Sandtree said:

unholyangel said:
D&G are selling insurance, as are argos and curry's etc via their extended warranties. 

Brand is the thing on the front, manufacturer may be something else.

In this day and age though its increasingly complex... every single OLED TV screen you look at has been manufactured by LG, various companies then buy these and add their own case, electronics, potentially someone else's software (eg Google).  Many then pay the likes of FoxConn to assemble them. They may then put their brand or someone else's on the front of it. If someone asks brand, its the thing that it says on the case, you cannot start trying to unpick the supply chain to claim its something else... though I understand if you have a budget brand on the front of your OLED TV you may want to claim its an LG 


As to the above point... certainly Curry's don't sell insurance, Dixon's group have spent a lot of time and money to ensure none of their's count as insurance... D&G have a blend but favour the non-insurance... cannot comment on Argos but as a rule of thumb if you can avoid the cost of SII compliance, being regulated by the PRA and having to deal with the FOS you will.

Brand is name/image/reputation. Badge is the thing on the front. 

Currys do repair/service plans and also insurance (or at least did).

The badge displays the brand and most likely a logo. A brand may well have a reputation and many companies own a stable of brands aimed at different market segments/propositions. 

Currys do repair/service plans and not insurance other than on mobile phones... unless its changed, certainly was the case a few years ago. If you look at https://www.currys.co.uk/care-plans-important-links.html it explicitly states it is not an insurance policy

You may want to tell the supreme court they don't know what they're talking about then, since they ruled extended warranties are contracts of insurance even if they don't pay a monetary sum. 

Then you need to tell the Bank of England/PRA and similarly the FOS/FCA @unholyangel because they allow them not to be consider insurance. No Solvency II capital, no complaints to the FOS, no insurance levies, no IPT etc

Some extended warranties are, some aren't. For years the likes of DSG have been very careful to ensure theirs aren't. If you have a Supreme Court ruling then would be interested to see it, and when its from. It wasn't that long ago that I was working for a large warranty company and 90% of their products weren't insurance. 

Digital Satellite Warranty Cover Ltd & another v Financial Services Authority [2013]

The message I've been continually trying to convey to people in my 15 years on this board is that just because a supplier or term says something, doesn't make it so. 

That's why uber lost their cases. You can put whatever name/label you like on something, but the law will look at what is actually happening not what they say is happening. 

Sandtree

unholyangel said:
The message I've been continually trying to convey to people in my 15 years on this board is that just because a supplier or term says something, doesn't make it so. 

That's why uber lost their cases. You can put whatever name/label you like on something, but the law will look at what is actually happening not what they say is happening. 

Absolutely agree with the principle and a lot of these things are very nuanced which is why cases go to court to determine what the correct answer is however on this particular point the majority of warranties continue not to be treated as insurance for any purpose. D&G and the warranty company I did work with have a small proportion that are deemed insurance and you get all the protections that come with that (and they have the overheads) but the majority is considered outside of insurance and so no IPT, no FOS, no SII, no FSCS and just a modest accrual under IFRS for future claims with cheaper customer prices as a result.