Treasury & DWP release proposals for Sandler's "simplified" products - story 1

The Treasury and Department for Work & Pensions have released the long-awaited consultation document into simplified savings products first proposed by the Sandler Report. Focus is placed on three key features of any such products: simplicity, risk control and low cost. Any products categorised as Stakeholder Investment Products will have to be easily understood, limit any potential losses to consumers, and be charge-capped to "ensure good value for money". The government proposes a three-month consultation period, with final specifications being proposed in the summer....