SANDLER SUITE 6 *** Higher starting charges will entice providers, says ABI

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Providers should be allowed to impose a "slightly higher" annual charge on stakeholder products in t...

Providers should be allowed to impose a "slightly higher" annual charge on stakeholder products in the first few years, suggests the ABI in response to FSA and Treasury update on proposals for the "Sandler" stakeholder suite. Initial comments provided by the ABI on stakeholder product reforms indicate insurance firms are so far pleased with the concept of simplified products, providing they actually attract consumers to take them up. However, mistakes made with stakeholder pensions suggest providers are only likely to develop a widened suite of stakeholder products providing the p...

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