CA, Fidelity and NU disagree over Sandler's 1% price cap

Although product providers have been quick to praise the Government's decision to reconsider the 1% cap commission for the stakeholder suite of products, the Consumer Association is urging the Government to keep its nerve in fighting for the maximum charge for the sake of investors. Fidelity and Norwich Union, among a number of other providers, have come forward to commend the Government's U-turn on the 1% cap charge which was outlined in its consultation document on simplified products, Proposed product specifications for Sandler "stakeholder" products, that was released yesterday. ...