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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 can be bought simply without the need for complicated and expensive regulations.

The CA wants Sandler to tackle the issue of with-profits making them a less a risky investment and to call for life offices to ring fence their with-profits funds to prevent them from being used to boost market share.

It also wants measures implemented to prevent commission from “distorting competition” and enhanced training and qualifications for IFAs.

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