View more on these topics

Sainsbury stocks up on Sandler

Sainsbury&#39s Bank is using the Sandler product proposals as a springboard to enter the investment market with the launch of two equity-based Isas.

The bank, which is backed by the Bank of Scotland, says supermarkets are well placed to achieve Sandler&#39s goals of reaching consumers who are not saving because they feel disconnected from the financial services industry.

It predicts that “off-theshelf products are well positioned to take a significant share of the investment market in the future”.

It is offering an Isa tracking the FTSE 100 and an income Isa with targeted returns of 5.75 per cent a year. Both have 1 per cent annual charges and no initial charges.

Recent research from Sainsbury&#39s revealed 54 per cent of the adult population would consider buying an investment product from a supermarket if they had low charges and were easy to understand and buy.

Sainsbury&#39s Bank chief executive Tim Pile says: “We support the main recommendations made in the recent Sandler review for products which are easy to understand and purchase which have low charges. Our new range of investment products meets these requirements and they will form the cornerstone of our ambition to take full advantage of a new investment era based around greater transparency.”


New hope

We are told at every turn that there are no more young people coming into the business, that we oldies are all there is and we are going to die soon.I have been lucky enough to be running a series of sales training workshops aimed at new advisers. These have been (mainly) bright young people […]

Abbey Nat&#39s variable tracker

Abbey National is unveiling a new mortgage range that includes a three-year stepped variable tracker available exclusively through intermediaries.The stepped variable tracker starts at 0.76 per cent below Bank of England base rate for year one, giving a headline rate of 2.99 per cent, followed by base rate plus 0.24 per cent in year two […]

IFAs expect further falls in annuity rates

Many IFAs are expecting annuity rates to fall over the next 12 months, with 80 per cent expecting a 2.5 per cent drop, according to Key Retirement Solutions.A survey of 50 IFAs showed that 15 per cent were even more pessimistic, predicting annuity rates would fall by 5 per cent or more while just 5 […]

Oliver Wyman to merge with rival consultancy

Oliver Wyman & Company, the consultancy best known for identifying the £27bn savings gap, and the financial services arm of Mercer have announced they are merging. The new consultancy, Mercer Oliver Wyman, will have more than 600 employees with offices in Europe, Asia and North America. OW&C chairman John Drzik will assume the title of […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm