Pointing out that all investments come with an element of risk, the Investment Management Associatio...
Pointing out that all investments come with an element of risk, the Investment Management Association says that the government must define an acceptable level of risk before any of Ron Sandler's envisaged stakeholder products come to market.
Unless this is defined, providers will not be able to develop products with respect to the price caps also being discussed.
And on that issue the IMA is just as adamant: price caps do not work, and in fact will undermine the objective of the Sandler suite of products, the association says.
The association says it welcomes financial secretary to the Treasury Ruth Kelly's recent comments about being flexible on pricing.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation