Govt contemplates U-turn on 1% stakeholder charge

The Government has commissioned a study into the charging cap on its proposed Sandler suite of products, looking at the possibility of raising it to 5% initial and 0.75% annual. The Treasury, which is expected this week to outline the products that can be held under the Sandler suite, has been under pressure from the industry to allow products to feature higher charges than the 1% originally proposed. It has outsourced research into different charging structures to B&W Deloitte and it is to report on the final charging structure in the autumn. A raise to 5% initial would be a more attr...