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Treasury to consult on Sandler stake suite

The Treasury will officially respond to the Sandler review&#39s recommendation for a range of simple stakeholder products this week by launching a consultation with the industry.

A Treasury-hosted seminar in London will mark the start of work on product development and distribution.

Speakers at the seminar, including Treasury Financial Secretary Ruth Kelly, FSA chairman Sir Howard Davies, review author Ron Sandler and work and pensions minister Baroness Hollis, will outline the Treasury&#39s response.

A formal consultation will start early next year but the Treasury is keen to discuss issues surrounding the products now.

The majority of the other questions will be handled by the FSA and the recommendations regarding tax policy will be addressed as part of the normal budget process.

A Treasury source says: “This week will be the industry&#39s chance to make its arguments on the matter.”


Ex-Tory economic secretary criticises review culture

The Government is weighing down the FSA and the industry with constant unnecessary reviews which compromise the independence of the regulator and provide little benefit to consumers, claims the head of the stockbrokers&#39 trade body.In a speech to the Scottish Financial Enterprise annual dinner in Glasgow last week, Association of Private Client Investment Managers and […]

The Owl service

Continuing our look at share purchase arrangements between owners of limited companies (noting, again, my avoidance of the more commonly used term “director share purchase” as the arrangement relates to the owners of a business, not the man- agers), last time we discussed the funding requirements to buy out the shares of a deceased shareholder.After […]

Fidelity Funds – European Larger Companies Fund

Tuesday, 8 October 2002 Type: Sicav Aim: Growth by investing in larger European companies and high-growth medium-sized companies Minimum investment: Lump sum £1,500, monthly £50 Place of registration: Luxemburg Investment split: 100% in larger European companies and high-growth medium-sized companies Isa link: No Charges: Initial 5.25%, annual 1.5% Commission: Initial 3% Tel: 0800 414181

CII launches new service

The Chartered Insurance Institute has launched a new members only area in the CII Library Online.The area contains a range of free information for SOFA and CII members including thirty technical factfiles written exclusively for the CIILO on topics from motor claims to pension options.It also holds over 700 technical papers which have been scanned […]


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