View more on these topics

1 per cent will distort UK market says Beachcroft Wansbroughs

Beachcroft Wansbroughs Consulting has criticised Ron Sandler&#39s proposals for extending the 1 per cent world, saying it will cause distortions in the UK market for packaged products.

The consultancy, headed by former FSA personalities Richard Hobbs and Oliver Lodge, also says a 1 per cent revenue stream will cause an outflow of capital from the UK, and will fail to close the savings gap.

It says the 1 per cent price cap is the lowest of any Organisation for Economic Cooperation and Development country.

Recommended

CA calls for simple products, less regulation

The Consumers&#39 Association is calling on Ron Sandler to recommend a two tier approach towards financial advice consisting of both generic and product specific advisers serving different consumer needs.In a pre-briefing document released in advance of the publication of Sandler&#39s recommendations tomorrow, the consumer watchdog is also calling for the development of safe-haven products which […]

Sandler stockmarket announcement tomorrow morning

Tuesday&#39s publication of Ron Sandler&#39s review into medium and long term savings will be kicked off with a stockmarket announcement at 7am tomorrow morning. It will then be followed by a press briefing at 11am when the full text of the report will be available.

Independent View

When I was asked to write this article for Money Marketing, I sat there and thought, what do I write about that has not already been written about our industry in the last 12 months? In other words, how do I make this positive rather than the negative garbage that we have been put through […]

IFA investment knowledge to be increased

Financial advisers will have to beef up their investment knowledge following Sandler&#39s recommendations, with the review team concluding IFAs are lacking in this area.The report does not go into specifics in this matter, with Sandler saying details will be up to the FSA to sort out. He says the FSA&#39s current examination of the review […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment