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Suite will hit Isas and trackers

Scottish Equitable believes the Sandler suite could have a negative impact on investment products such as trackers and Isas.

Under plans for a lightertouch advice regime, the existing stakeholder model will be subsumed into the suite and products offered alongside restricted to 60 per cent equity exposure.

But Scottish Equitable director of business development and communications Ken Hogg said: “When Sandler is brought in, the full-blooded tracker will not be an acceptable option for many investors and certain products such as smoothed funds will be a much closer fit to the bill. I think the high street will move away from Isas and trackers.”

Hargreaves Landsown investment manager Ben Yearsley says: “I cannot see that a 60-40 ratio is going to be right for every investor and it could end up seriously disadvantaging some areas of the investment market.”

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