Innovation can not make up for poor markets

As the investment environment gets more complicated, so too do the products being developed by provi...

As the investment environment gets more complicated, so too do the products being developed by providers. Funnily enough, this is happening at exactly the same time as they are all calling for transparency in financial products ' but only if they are called with-profits. It is something of a paradox and is happening because marketeers are creating products, often structured, that have a simple exterior, appear safe and seem easy to understand but are incredibly complicated underneath. Just look at the new breed of products coming into the market as an alternative to the opaque with-profi...