Target Market Determination (TMD)
Community Underwriting is committed to designing and distributing products that are likely to meet the needs and objectives of customers for whom they are intended - our target markets. To do this we work with the insurers for whom we act placing our customers at the centre of all stages of the product lifecycle.
What is a Target Market Determination?
TMDs support our commitment to meet the needs of our customers. A TMD is a document created by Community Underwriting that sets out:
- who is in our target market and who the product is not designed for;
- any distribution conditions and restrictions for this product;
- review periods and events that may trigger a review;
- reporting obligations of our distributors
A TMD is not a Product Disclosure Statement (PDS) and is not a summary of the product terms and conditions. Any advice provided in a TMD is general advice only. It has prepared without taking into account any person’s particular objectives, financial situations or needs.