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Scepticism on review&#39s goals – Chartwell

Chartwell Investment Management is sceptical about whether the Sandler review will achieve its goals of empowering consumers and encouraging people on low incomes to save.

It says standardised products sold without advice overlook the fact that investors have diverse objectives and risk profiles and are more likely to attract sophisticated investors than low-income consumers with limited financial knowledge.

Chartwell agrees with Sandler&#39s point that many actively managed funds have high charges and poor returns but suggests they should be encouraged to charge according to performance to allow for the fact that good actively managed funds can outperform in volatile markets.

Chartwell is also calling for increased product transparency on with-profits to get the go-ahead as a matter of urgency.

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