View more on these topics

FSA cools on past performance ban

The FSA has accepted that consumers want past performance information in advertisements, in its response to recommendations made by a task force it set up to look into the issue.

The FSA says it will introduce new rules to make sure that past performance is not the main message in advertisements and will consult further on standardising of the presentation of data in advertisements.

FSA Consumer Director and Chair of the Task Force Christine Farnish say: "FSA action to address the Task Force’s recommendations will begin immediately and we will open up a dialogue with all interested parties on how we can build on the existing safeguards. We will consult on proposed changes to regulatory rules and guidance and do further work on the feasibility of standardising information on past performance, risk and price."

Recommended

Eurostoxx-linked fund is protected

Schroders Unit Trusts is to launch a structured growth product designed to give capital protection and linked to the Eurostoxx 50 index. Schroders believes the product will be attractive to nervous investors. Capital is 100 per cent protected. Returns are linked to average growth in the Euro-stoxx 50 over five years. The Dublin-based product is […]

Teather & Greenwood – TGIM UK Equity Growth

Wednesday, 26 September 2001.Type: Oeic.Aim: Growth by investing in UK equities listed in the FSTE all-shareindex.Minimum investment: Lump sum £500, monthly £50.Investment split: 100 per cent UK equities listed in the FTSE all-shareindex.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual up to 1.9 per cent.Commision: Choice of initial 3 per cent or initial […]

Credit Suisse Asset Management changes strategy after US attacks

Credit Suisse Asset Management says it has made a tactical changes to its Income and Monthly Income funds in light of the terrorist attack on America on September 11.It has increased the “BETA” of the two funds which involves buying lowly rated economically sensitive stocks or highly rated growth stocks whose multiple has collapsed in […]

Troubled times show the true worth of advice

At times like these, it may be brought home to IFAs just what they are for. Unit trust sales are at a low and many fund values have plummeted with the markets. Split-cap investment trusts are looking vulnerable to the banks calling in their loans. Many stockmarket-linked “guaranteed” bonds are set to invoke all manner […]

NATIXIS PORTFOLIO CLARITY – UK Portfolio Barometer

Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment