The Financial Services Practitioner Panel has warned that the Government's proposed suite of stakeho...
The Financial Services Practitioner Panel has warned that the Government's proposed suite of stakeholder investment products may leave the investment industry vulnerable to mis-selling complaints even if they are compliant with the Sandler provisions and the FSA implementation regime. Panel chairman Donald Brydon told the FSA's annual general meeting last week that due to the risk of clients complaining to the Financial Ombudsman, vendors will need to carry out suitability fact-finds when selling Sandler products, without the prospect of any economic benefit in return.
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