Property assets will be part of 60% equity cap

Property assets are to be included within the 60% equity cap for medium-term Sandler investment products. In its response to the Sandler consultation paper, the Treasury last week said the conventional treatment within the life field is to bracket equity and property exposure together and it planned to extend this treatment to the new suite of medium-term Sandler products. The Treasury said the 60% equity cap offered the probability over the medium term of returns exceeding those on deposits without leading to high price volatility. Such an outcome was more likely to be attractive to ...