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Sandler review terms out next week

The terms of the Treasury-sponsored review of retail investment headed by

Ron Sandler are expected to be published next week. Sandler attended a

meeting at 11 Downing Street on Tuesday to discuss the remit of the review.

It is widely expected to look at the prices and comm-ission structures of

retail products such as with-profits bonds, unit trusts and investment

trusts.

DOCB:

DOCB:

SRCE: Money Marketing

PDAT: 260701

SCTN: Newswatch

PGNO: 3

RANK:

HDLN: Court challenge over lender rates

SBHD:

BYLN:

TEXT:

The discretion for mortgage lenders to set interest rates at will could be

restricted this week in a test case at the Court of Appeal. A married

couple are challenging the right of Paragon Mortgages to refuse to lower

their interest rate in line with cuts to the Bank of England base rate

despite not being locked into a special deal. The court is expected to

announce its decision this week.

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