Scepticism for risk boxes

The Government has reiterated its scepticism about the benefits of standardised risk summary boxes i...

The Government has reiterated its scepticism about the benefits of standardised risk summary boxes in product literature as part of its response to a report from MPs. The boxes are a pet project of the House of Commons Treasury Select Committee chaired by John McFall and were a key feature in its report on restoring confidence in long-term savings published in the summer. But in its response to the report, the Treasury has repeated its concerns about the practical difficulties of a summary risk rating, especially if the product's level of risk has the potential to change over time. The...