The government's stakeholder range of savings have shown "disappointingly low sales", according to the latest life and pensions new business figures from the Association of British Insurers (ABI).
IFAs will not be able to adopt the FSA's proposed 'basic advice' regime because firms using this approach will not be allowed to say they are offering a "whole of market" service, warns the Association of IFAs.
Undoing the 1% price cap on stakeholder products would only enable firms to maximise revenue from higher income earners without encouraging low- and medium-income earners to save more, warns the Consumers' Association.