The operators of Find.co.uk, one of the largest UK financial services search portals, say that the S...
The operators of Find.co.uk, one of the largest UK financial services search portals, say that the Sandler Review is likely to push the internet to the forefront of product and services distribution because of the new cost pressures set to hit the industry.
Find calls the review a "rotten egg", which contains "distasteful" attacks on active fund managers and IFAs, and says better consumer education would better help improve the quality of financial services rather than opening the floodgates to litigation for compensation.
Sandler's proposals will cut margins in the financial services sector even further, Find says, and force those with marketing budgets to forget about television or newspapers and make more use of the internet.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client