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SALTR standards could cost companies millions

The cost of implementing accreditation standards could run to millions per company says the ABI.

Under its Savings and Long Term Risk initiative beginning in October could cost up to millions per company to comply.

Compliance with the standards will be rewarded by a quality mark from the Pensions, Protection and Investments Accreditation Board, a new, independent body.

However, the ABI says that its member companies are keen to implement the standards and see them as worth it.

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