Winterthur Life welcomes the key points in the Sandler report but has expresses concern over proposals to promote products without advice.
It says having actively supported the conceptof IFAs charging fees for advice, it has given the thumbs up to separating payment for financial advice from payment for a product sale.
The firm also endorses the importance that Sandler gives to consumer education, adding that this should be a prime consideration for the future.
Winterthur's concern over the proposal to promote products without advice focuses on the risk of future misselling scandals.
It also points out that any product with an element of equity investment carries an inherent risk of capital loss and stresses that the potential risk of loss needs to be fully understood by the consumer.
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