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CIS marks down FSA for Saltr sign ban

CIS is slamming the FSA for not allowing the ABI Raising Standards quality mark on its comparative league tables.

It is calling on the FSA to rethink its decision and allow companies with the quality mark to display the accreditation sign on the tables.

The FSA says because the Raising Standards scheme is voluntary, accreditation should not be displayed.

But CIS is angry that Catmarks, which are also voluntary, will be shown on the tables. It says the Raising Standards initiative is a more substantial measure than Cat standards, which are linked to product features.

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Tuesday, 12 June 2001.Type: Dublin based closed ended fund for HSBC customers Pep maturities.Aim: Growth by investing in HSBC UK equity growth 3.Minimum investment: £3,000.Investment split: 100 per cent in HSBC UK equity growth 3.Yield: 75 per cent of growth in FTSE 100.Charges: None.Commission: Initial 3 per cent.Tel: 0800 181890. 

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