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Peter Hargreaves, managing director, Hargreaves Lansdown Dear Sir, As always, I enjoyed your recen...

Peter Hargreaves, managing director, Hargreaves Lansdown Dear Sir, As always, I enjoyed your recent leader (15 September, Why there is such a thing as a bad product). The fact remains that if you see a leaflet that tells you that the product described is going to offer you an income of 10% a year guaranteed, if you then ask the first 1,000 people who pass you in the street what that meant, the answer would be "you put £10,000 in, you get £1,000 a year back and at the end of the contract you get £10,000 back". After that, it does not really matter what the small print says. No one would...