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&#39Shun FSA&#39s half-baked fund tables&#39

Consumers should shun the FSA&#39s “half-baked” comparative tables and use websites that contain full fund information, says Autif director of communications Anne McMeehan.

Speaking at the Money Marketing IFA UK conference in London last week, McMeehan said: “Go to the FT website and you will see ratings, past performance, risk and cost-based statistics. Go there for your information, not the FSA website, which is half-baked.”

“The FSA was given a hospital pass by Gordon Brown when it was told to set up comparative tables. You can only get information on costs so the tables read as cheap means good.”

Torquil Clark investment strategist Philippa Gee says: “One of the FSA&#39s jobs is to increase public awareness and comparative tables are a step in that direction.

“The problem is that it is incomplete without details of the fund management group, the ethos of a fund, the underlying holdings and, to an extent, its performance.”

Conference, p12 & 14

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