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Treasury say &#39Yes&#39 to stakeholder products

The Treasury officially today announced it plans to push forward with the Sandler review&#39s recommendation of a suite of simple products aimed at closing the savings gap.

At a conference in London attended by approximately 120 delegates from the industry, Treasury Financial Secretary Ruth Kelly said the Government is impressed with the depth of the Sandler report and plans to push forward with its flagship recommendation.

Kelly said the next step in the process is for Government and industry to work together to come up with specific product details and distribution for the new products, with a consultation paper expected early next year.

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