For Immediate Release:
Monday 30 July 2001
SANDLER
CONSULTATION DOCUMENT ON RETAIL SAVINGS
WELCOMED WITH RESERVATIONS
Following the
launch of the Sandler review consultation document, Sheila
Nicoll, Deputy Director General of AUTIF, commented:
“AUTIF
reiterates its welcome of this wide-ranging review to be
conducted by Ron Sandler and will make every effort to ensure
that it offers a full response to the issues raised.
“In this light,
and given the wide-ranging nature of the consultation and the
Government’s own acknowledgement of the importance of the
retail savings market, it is disappointing that respondents
are only being given two months to respond, over the peak
holiday period.
We note that the purpose at this stage is
to gather information and ideas, and believe that it will be
important for Mr Sandler and his team to continue the dialogue
beyond the September deadline.
“We
think that it is particularly important for the review team
to address the varying dynamics which exist in different
parts of the market – considerations in relation to open
ended investment funds may often be quite unlike those
relating to insurance products.
For further information, please contact:
Sheila
Nicoll, Deputy Director
General, AUTIF, 020 7831 0898
Anne McMeehan, Director of Communications, AUTIF, 020 7831
0898
Clare Arber, PR Manager, AUTIF,
020 7831 0898
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