Selestia warns IFAs of potential "Sandler with-profits" mis-selling

Selestia today warned IFAs that they could be falling into a potential mis-selling trap because of products marketed as Sandler-style with-profits products, which it says are "nothing of the sort". Selestia marketing director Bill Vasilieff says not only is the regulatory review of Sandler's proposals not complete, but the use of "with-profits" in marketing material could "create confusion and misunderstanding for investors". "Transparency is paramount at present. These Sandler style products are not with profits and they include things such as MVAs," he says. "IFAs sho...