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Consumers&#39 Association warns of flawed and dangerous strategy

The Consumers&#39 Association warns that the FSA proposal to reduce consumer protection will invite mis-selling and destroy consumer confidence in saving for the future.

CA warns that selling stakeholder products through a basic advice process is a flawed and dangerous strategy.

CA principal policy advisor Mick McAteer says: “The FSA seems to have chosen to address the long-term savings crisis with an approach that rewards an inefficient industry by stripping it of any responsibility for its actions.”

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Fears over accuracy of early redemption charges

Concerns have been raised by sourcing systems about the accuracy of early redemption charges included in key features illustrations. Tolerance is not permitted in relation to calculations of early repayment charges which the FSA expects to be penny-perfect. Lenders have been acc-used by the FSA of being “self-defeatist” for not providing detailed technical information enabling […]

Cazenove Fund Management – Cazenove European Equity (Ex UK) Fund

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