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Consumers&#39 Association says report &#39nails&#39 industry

The Consumers&#39 Association says the Sandler review has nailed &#39the industry line that it serves consumer interest&#39 by finding the industry full of &#39poor products, bad advice and failed regulation&#39.

It believes Sandler&#39s proposals will help address causes of mis-selling, as well as reduce sales of unsuitable products and improve the quality of advice.

CA director Sheila McKechnie says: “This is a powerful report. It has correctly diagnosed the fundamental failings of the financial services industry. It offers a way forward which focuses on the needs of consumers not industry.”

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