Recent FSA decisions on simplified financial advice and access to complex investment products have c...
Recent FSA decisions on simplified financial advice and access to complex investment products have come under fire in the Financial Services Consumer Panel's latest annual report. Looking at the regulator's recent policy announcements, the panel said it was disappointed the FSA proved unable to differentiate higher-risk funds and put safeguards in place to prevent their mis-selling. The regulator published a discussion paper in June to ascertain the appropriate level of consumer protection when buying complex, or so-called wider-range, investment products. Among the proposals outlined, ...
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