Cat standard trackers unsuitable for Sandler's stakeholder vision

Trackers, including Cat-standard ones, cannot be included in Sandler's proposed off-the-shelf stakeholder product range, as he limits investment to managed funds. Sandler has said Cat standard products should be subsumed into his proposals for a suite of stakeholder products, which include a pension, with-profits product and a unit trust or managed fund. Similar to existing Cat-standard products and stakeholder pensions, they would feature no initial charge and have a 1% cap on fees. They would differ in that Cat standard products do not have any explicit controls on exposure to financi...