Time to take a long-term view for a change

Leader

•ast week"s announcements on pensions and further discussion about the so-called Sandler suite ...

•ast week"s announcements on pensions and further discussion about the so-called Sandler suite of products inevitably brought the same collection of comments from those within and outside the industry. The consumerists talked about the need for cheap, transparent products and the industry rounded with the usual response of the need to create product which contains enough margin to make them viable for providers and advisers. As ever, both sides of the argument are focusing on the short-term, micro issues, rather than the longer term macro ones. As much as the consumerists might want to cl...