1% cap could be reviewed on simple, no advice products - Sandler part 2

A set of stakeholder investment products should be created that could be sold without advice and with no initial charges, according to Sandler. The three products he envisions include a mutual fund or unit-linked life fund, a pension and a with-profits product, although he noted consideration should be given to a the inclusion of a protection product. These products, as he called them, would be promoted as a specific and separate set of products with an overall brand identity, setting out stakeholder as the working title. Regulation of these products should be tight with stri...