Bestinvest extends cautious welcome to Sandler

Jason Hollands, deputy managing director of Bestinvest, says his firm is extending a cautious welcome to Sandler's review although this comes with a pinch of caveat emptor. "We have no argument at all with the overall objectives of the review, such as simplifying products, raising consumer awareness, improving adviser competency and removing tax distortions. As always though, the devil lies in the detail," he says. One example of such "detail" lies in the proposals for solving the fees-vs-commission debate. Hollands says that Sandler's approach is more pragmatic than t...