Scottish Mutual to launch "Sandler-friendly" smoothed bonds

Scottish Mutual has launched two versions of its new "Sandler-style" smoothed investment bond, designed to replace the with-profits bonds withdrawn last year. This is Scottish Mutual's first investment product to follow the broad rules set out by Ron Sandler last year in his review of the retail financial services industry. The Smoothed Investment Bond will follow many of Sandler's recommendations including "see-through" charging structures - compared with previously opaque charging on traditional with-profits funds - made up a very low annual charges and a simple establishmen...