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Schroder defies CAT standard to back IFAs

Schroder Investment Management is pointedly refusing to offer a Cat standard equity ISA to show its continuing commitment to intermediaries.


The investment group says it is concerned that Cat-marked products will allow no margin for the provision of sound financial advice and investors will wrongly concentrate exclusively on cost rather than the overall sustainability of the product.


Schroder divisional director Robin Stoakley says: &#34We are deeply committed to the intermediary sector and the concept of independent financial advice.&#34

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