View more on these topics

&#39Massive market for products&#39

A potential target market of 10 million consumers earning between £15,000 and £30,000 a year has been identified by the Treasury for its new Sandler suite of products.

It says there are in total 15 million “novice” investors who are considering entering the market or who have recently started saving, for whom the products are appropriate.

There are three million identified as those in the most need as they are “seriously under-saving” with a further five million to 10 million who may also be under-saving.

Due to the size of the market, the Treasury says its approach will be setting minimum standards. The paper says: “Although anyone may choose to buy a stakeholder product, they are aimed at those on low to medium incomes. There are many ways of segmenting this market, in terms of age, financial sophistication, wealth, income and savings habit. It will be the responsibility of those delivering the products to determine how best to target them.”

Recommended

FMO setting up adviser network

First Mortgage Options, which provides nonconforming and sub-prime loans, is setting up an intermediary network offering exclusive products, services and technology support.FMO is aiming to have 200 member firms in six months and 450 by the end of the year.It is running a series of 18 roadshows in the UK to attract members starting in […]

Focus on strategy

Mentor Financial Services is holding a series of training days focusing on strategic planning services.The workshops will be open to all IFAs and will be lead by Mentor Financial Services chairman Tony Granger, author of a number of books on finance and retirement issues. Guest speakers will also attend the bigger events later in the […]

A view to retirement

IFAs are often told by product providers about great potential markets and find that the reality can be very different.One area that providers and advisers can all agree is attractive is the at-retirement market. Already, many IFAs have this as a core business area and demographics, coupled with the greater pension awareness and hence funding […]

Nick Bamford

I a cynical world, Nick Bamford, the new chairman at Sofa, is a rarity. It seems the Informed Choice managing director is universally liked. It is easy to see why because Bamford is a thoroughly nice man.If it were not for Sandhurst giving the 17-year-old “long-haired son of a milkman” the brush-off for “not having […]

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com