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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes