Ron Sandler's proposals for a suite of simplified products risk repeating stakeholder mistakes and there is still a danger that without good advice consumers may not understand the risks they face
The unearthing of the £27bn savings gap has passed into financial services folklore. Ever since it was identified, there have been numerous discussions between Government, regulators and the industry about it. Few, if any, have challenged its existence, even if the precise quantum is a matter for speculation. Instead, the wide-ranging discussions have been focused on how to close it and the methods which could be used to encourage people to save and invest. Enter Ron Sandler with his proposals for a suite of 'simplified' products. By agreeing to develop the Sandler products, HM Treasu...
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