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Key features docs to be shortened and simplified

Key features documents need to be shortened and simplified because they do not currently serve any purpose Ron Sandler believes.

At the same time, he is proposing a Consumer Guide which would provide consumers with a list of straightforward questions to ask their adviser.

The guide would be compulsory for advisers to provide to potential clients.

Much of what Sandler says about key features may mesh with the FSA&#39s thinking on the matter and may be dealt with in its review of disclosure expected this summer.

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