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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.”

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