Scottish Life says first feelings are of disappointment

Several bodies, including the FSA, AITC, ABI and CA have welcomed the proposals in the Sandler Review, but initial reactions from Scottish Life are that it is slightly dissappointing in terms of the issues such as simplification that SL feels have fallen wide of the mark. Sandler makes the point that products need to be simplified as part of the process of encouraging savings. SL's head of information Alasdair Buchanan says, however, that calling for simpler products without looking at the context in which those products are being sold leaves a void. "He almost totally ignored t...