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Cherrypicking data is banned

Financial firms will no longer be allowed to use cherry-picked data about historical fund performance in advertisements under new rules introduced by the FSA this week. Under the new rules past performance data can only be used if it is accompanied by a table of standardised data setting out discrete annual returns for up to five years. No past performance figures are to be allowed where less than 12 months data is available.

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Towry Law offers free Isa tax advice

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FSA aiming to boost consumer capability

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Consumers&#39 Association pressing for return of maximum commission deal

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