Around 30% of financial services firms believe there will never be significant demand for Sandler's ...
Around 30% of financial services firms believe there will never be significant demand for Sandler's stakeholder suite of products, the draft rules for which will be issued in January. The regulator will next month release the draft rules on the dismantling of polarisation following CP121 but a Bank of New York survey of product providers indicates there is far from universal support for the planned range of stakeholder products. The suite, which includes a pension, a managed fund and a more transparent with-profits fund, was proposed by Sandler as a way of increasing saving among the lo...
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