ABI lashes FSA over stakeholder - papers 26 August

Rules introduced by the regulator on how to sell the supposedly simple, low-cost products mean that providers are finding it impossible even to sell them when deemed suitable, the ABI says. If the rules are not changes, providers will demand more flexibility on the 1.5% price cap. The demand came as latest sales figures from the industry showed consumers bought just £67m worth of Stakeholder pensions in the quarter to June, against £77m in the same period last year, although sales of employer-sponsored regular premium pensions increased to £126m from £101m. Stakeholder Isas and CTF fu...