Safety regulators in the US have urged people who own a treadmill by Peloton to stop using the product "immediately" if they have children or pets at home.
The "urgent" warning comes after reports of 39 incidents of small children and a pet being injured beneath the Peloton Tread+. This includes one child's death.
"CPSC staff believes the Peloton Tread+ poses serious risks to children for abrasions, fractures, and death," read a statement by the Consumer Product Safety Commission (CPSC). The regulatory body said that it had received reports of children becoming "entrapped, pinned and pulled under the rear roller of the product".
The commission also posted a video on its YouTube page showing a child getting trapped under the product. The child comes out of the machine seemingly unharmed, but the video comes with a warning that it may be disturbing to some viewers.
Peloton responded to the warning with a statement of its own, saying the CPSC's press release was "inaccurate and misleading".
It says there is "no reason" to stop using the machine, which costs more than $4,000, "as long as all warnings and safety instructions are followed".
It says children under 16 should never use it, that customers must keep children, pets and objects away from it "at all times" and it should remain turned off while not in use, with the safety key removed.
The CPSC, however, notes that at least one incident happened when a parent was running on the treadmill, "suggesting that the hazard cannot be avoided simply by locking the device when not in use".
In response to this, Peloton shared tips from its members on how they've kept children safe during home workouts. "They schedule workouts during nap time or at night when children are asleep. Or they have a spouse or partner watch the children in another room. Some tell the company they use a baby gate to keep children, pets, and objects away from their fitness equipment."
The $34 billion US company, which is famous for its indoor exercise bikes and online classes, introduced its treadmill about three years ago and sales of its equipment soared during the pandemic as people turned away from gyms and to at-home workouts.
It was reported that the company brought in $1bn in revenue within the last three months of 2020, more than double its year-on-year revenue during the same period.
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Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
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• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Where to submit a sample
Volunteers of all ages can submit DNA samples at centres across Abu Dhabi, including: Abu Dhabi National Exhibition Centre (Adnec), Biogenix Labs in Masdar City, NMC Royal Hospital in Khalifa City, NMC Royal Medical Centre, Abu Dhabi, NMC Royal Women's Hospital, Bareen International Hospital, Al Towayya in Al Ain, NMC Specialty Hospital, Al Ain
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Director: Jason Reitman
Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace
Rating: 2/5
Specs
Engine: Dual-motor all-wheel-drive electric
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- set out well ahead of time
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The specs
Price, base / as tested Dh12 million
Engine 8.0-litre quad-turbo, W16
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Fuel economy, combined 35.2L / 100km (est)
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