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Savings product will not work at 1.5 per cent- Standard

Standard Life does not believe the suite will work and says the Sandler savings product is very unlikely to be successful with the new price cap.
Standard Life Simon Douglas marketing managing director says: ” The charging structure is a poor deal for consumers. For lower savings levels it does not address the fundamental problems with the old cap. For higher savings levels we can offer better products below the level of the price cap. We will remain in the single-charge pensions market but will continue to concentrate on those segments of the population that it is economic to serve.

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