Find says Sandler proposals will encourage internet distribution

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...