Three-quarters of IFAs are unlikely to sell the Sandler suite of products.
IFAs say Sandler products are uneconomical for them to sell. The results of the poll were collated before the Government's announcement last week of a rise in the price cap from 1 to 1.5 per cent. The cap will revert back to 1 per cent after 10 years.
Ninety-five per cent of IFAs believe tax incentives are an important factor in getting the public to save, flying in the face of one of Sandler's conclusions in his report that tax incentives do nothing to encourage saving.
Shropshire Independent Financial Services principal Rosemary Heaversedges says: “There is an incredible bias for fees in the South but if you are a provincial IFA, all you want is to encourage saving and have reasonable remuneration as a result.”