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.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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Alongside Barrett, Boston, Hopkins and Thorman on 17 October