ABI renews opposition to Sandler price cap

Professional Adviser
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The government must take greater account of the supply side of the savings products market if it is ...

The government must take greater account of the supply side of the savings products market if it is to set a price cap on Sandler products that providers find economically feasible, the ABI says. Sandler products "have the potential" to increase levels of savings, i.e., demand, but they cannot be viewed outside the context of the wider market, the ABI says. They have to be "attractive not only to consumers but also to companies and their shareholders." Providers will not make the substantial investments needed to bring new simplified products to market if the price cap...

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