Government does U-turn on charging cap - Sandler products part 3

Product providers and intermediaries will have the chance to air their views on the 1% charging cap in relation to the proposed suite of simplified products proposed by Ron Sandler. The joint Treasury/DWP consultation paper concludes that although the 1% limit is a concept that is "simple to grasp" it also brings with it problems, such as the need for companies to actually make a profit from providing the products. "The Government therefore welcomes views on the structure and level of a charge cap. Representations will need to demonstrate what benefits a change would bring for...