UK - The Financial Services Authority's outgoing chairman, Sir Howard Davies, has criticised Sandler's proposed suite of stakeholder products.
Sir Howard told the Association of British Insurers’ annual conference that financial advisers are not “product designers” and should not be subject to price controls.
He said: “It is very difficult to find evidence from any other industry that proves price controls are good for consumers.”
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of Pensions Freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
Purna Bhudia looks at how the PPF's investment strategy has evolved, especially in the area of credit
Two consultancies have reported decreases in defined benefit (DB) transfer quotation requests in Q3, and said guaranteed minimum pension (GMP) equalisation could impact transfer activity.
The Association of Consulting Actuaries (ACA) and Royal London have proposed a "pensions pound" to "radically simplify" defined benefit (DB) pensions rights.