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ABI gives Sandler qualified welcome

The ABI has given the Sandler report a qualified welcome.

ABI director general Mary Francis says: “The Sandler report can help deliver confidence for consumers and stability for the industry. Many of Ron Sandler&#39s ideas reflect best practice and new thinking in the savings industry. We particularly welcome his support for simpler products and less red tape."

"The Sandler review confirms that the industry has made real progress in recent years, for instance through the Raising Standards quality mark scheme. The proposals for greater clarity about the way with-profits products work include many of the ABI’s own ideas. More needs to be done, of course, and Ron Sandler’s recommendations provide a good basis for further improvements.


Facing up to the with-profits facts

How does Eleanor Linton qualify to be head of the with-profits review?What are her qualifications that lead her to be bestowed with this title?Has she ever been in receipt of a maturing endowment – 20 years or 25 years? I doubt it.Has she ever owned a with-profits bond? I doubt it. If this lady were […]

Steve&#39s Christmas stocking

Everyone appreciates examples of individuals who are dedicated to their chosen career path but even we could not believe our ears when we heard the following tale.Scottish Life Mortgages director Steve Scholes (above) is so slavishly committed to his calling that we felt a public pat on the back was necessary.As the story goes, Scholes […]

Red Light Runners races for EIS cash

Red Light Runners is an enterprise investment scheme (EIS) that aims to raise up to £8m to finance an Anglo-American film called Red Light Runners. Unlike some EIS schemes that invest in films, the production of Red Light Runners will be a crime film for the mass market in the UK and US, rather than […]

Call for &#39suite of simple products&#39

The Sandler review is recommending the introduction of a price capped &#39suite of simple products&#39 that can be sold without advice.The move echoes very closely the &#39family of products&#39 former Work and Pensions secretary Alistair Darling, proposed to Money Marketing at the NAPF conference in May.He wanted a range of products with minimum of safeguards […]


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