The 'buyer beware' concept has never caught on in the financial services world, and recent comments ...
The 'buyer beware' concept has never caught on in the financial services world, and recent comments from the FSA look set to banish it entirely. According to a recent speech from the regulator's Clive Briault, fund groups are now responsible for monitoring product performance and informing advisers if a vehicle is unlikely to meet required outcomes. They are also responsible for explaining "performance characteristics and sensitivities" in a way advisers are capable of understanding and using in the sales process. Ignoring the customary condescension, this reveals an odd shifting of resp...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
