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Call to curb structured products

Specialist provider Altus Financial Products believes the FSA should restrict sales of structured products to sophisticated investors.

Altus says the FSA did not go far enough in its guidelines on the sector. Partner and founder Hercules Anastase says: “During 2009, high potential returns were possible from simple FTSE 100 structures. However, with volatility collapsing, the recent rally in equity markets, interest rates at virtually zero and with an improvement in bank credit levels, those returns will not be achievable again in 2010.”

Anastase says this means more complex and sophistic-ated products will be developed with greater inherent risk in order to achieve greater returns.

Gilliat Financial Solutions managing director Adrian Neave says: “Our product design pro-cess coupled with IFAs’ knowledge of their individual clients circumstances is sufficient to ensure that only suitable products find their way in to inves-tors hands.”



UK unemployment falls

The number of people out of work in Britain fell for the first time in 18 months in November, according to the Office for National Statistics.

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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