IMA stands by criticism of structured products

Blue Sky Asset Management is one of many groups rebutting IMA criticism of their structured product ranges as "complicated and opaque"

The IMA has refused to back down from its assault on structured product groups despite a fervent stream of rebuttals. The association first struck out at products in January, singling out National Savings & Investments' Guaranteed Equity Bond range, which it accused of being "complicated and opaque". It said the NS&I website claimed the range offered stock market growth potential with no risk to capital, and it was responding to a call from the European Commission for evidence on transparency. Structured product provider Keydata's sales director Mark Owen said transparency is not an i...