The ABI's plans for raising industry standards contain several intermediary-friendly elements but as...
The ABI's plans for raising industry standards contain several intermediary-friendly elements but as yet these, along with the rest of the project, remains firmly in the land of principle not practice. The central proposal put forward by the Savings And Long Term Risk (SALTR) project is to make the industry more consumer friendly. Included within this is the idea of standardising key feature documents and sending out an annual valuation report for clients, again to be laid out in a set format. This is something that lacks controversy in theory but it remains to be seen if this will actuall...
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