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Stakeholder pension could become Sandler pension

The existing stakeholder pension will form the basis for the pensions product to be included in the Sandler suite of products the Treasury has said today.

As with the other products to be included in the suite, the pensions product will have strict limits on features, a 1 per cent annual management charge and limits on investment risk.

The Treasury consultation on the suite published today says other than the investment risk element the existing stakeholder pension satisfies these requirements and so it makes sense for it to be the model for the new product.

It says the Government is not attracted to proposals which would lead to two separate pensions products, saying that would not accomplish much.

Instead, it outlines two possibilities, one that stakeholder providers will be required to offer a “Sandler” investment restricted fund or that the existing stakeholder pension will be absorbed into the Sandler suite, with the latter being the preferred option.


Verity&#39s view

If the FPC was a truly relevant exam that asked all the tough questions, the last page of the 2003 summer paper would read something like this: “A client aged 30 turns up at your office. He has started work at a medium-sized, long-established steel company which has, according to the personnel department, one of […]

Isa investors favour UK, says Jupiter

The UK is the most popular home for Isa investors this tax year, with 42 per cent investing domestically and 15 per cent choosing Europe, according to Jupiter. From a sector viewpoint, income funds were selected by 21 per cent of its investors, with financials the second most popular sector, chosen by 11 per cent. […]

Another hold-up in RJ Temple stake talks

IFA RJ Temple has suffered another delay in its search for an investor to buy a stake in the firm. The closure of a new deal was due to be announced at the company&#39s annual conference in Lon-don last week but, as part of his introductory speech, chairman and chief executive Geoffrey Morphitis warned employees […]

IFP call to scrap plan for adviser retesting

The IFP is calling on the FSA to abandon its proposal for annual or biennial retesting of IFAs and instead leave it up to firms to ensure the competence of advisers. In its response to CP157: Examination Framework for Retail Financial Services Advisers, the IFP argues that the FSA&#39s proposal will cost too much to […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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