SANDLER SUITE 1 *** Treasury opts for four products, but FSA needs to consult further

The FSA has today failed to fully commit to proposals for a "filtered questions" approach proposed in DP19, saying it needs further feedback in the form of a cost-benefit analysis and additional consultation by year-end. DP19 outlined the different ways that the proposed Sandler suite of simplified products could be made reality. The FSA admits that the feedback received on its proposals has highlighted the difficulty of balancing the need to meet suitability requirements against the need for the industry to make a profit from providing simplified products. However, it ...