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Crucial sections of the Sandler Report

Section 41

“It has been suggested that advisers tend to concentrate on issues of product design, such as tax treatment, and that they do not have a comparable level of expertise in investment issues.”

Section 42

“In particular, it is argued that both advice and the regulation of advice tend to focus on the issue of which provider and which product to choose, rather than on the underlying investment strategy.”

(This section then goes on to directly question whether the current standard of advisers&#39 knowledge about investment issues is sufficient)

Section 43

“Except in extreme circumstances, the quality of advice is inherently difficult to measure and assess.”

(Regarding the way in regulators might seek to monitor the giving of investment advice)

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