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Torquil Clark cautious welcome for comparative tables

Torquil Clark is welcoming the FSA&#39s comparative tables which went live earlier today, but is concerned on the tables&#39 lack of information on past performance and investment risk.

Pensions development manager Tom McPhail says: “While we are very pleased to see the FSA taking these steps to educate consumers, we do not believe that the tables will be any substitute for good quality independent financial advice.

“The tables do not include any information on past performance, investment risk or the investment strategy pursued by the fund managers, these factors should be fundamental in deciding what Isa to invest in.”

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