Structured Products

Advisers may be forced to bear the cost of outsourcing structured product advice to third parties post RDR, following a damning FSA report into failings in the sector.

Advisers have expressed their anger the role of the FSA in properly regulating structured products has not been addressed and they are being made the scapegoats for failings in the sector.

Four NDFA structured product plans will go ahead, despite the firm being placed in administration.

Structured product providers made only ‘marginal' improvements to their product literature following the collapse of Lehman Brothers in September 2008, the FSA says.

Advisers' fundamental lack of understanding of how structured products work and their suitability for different clients has been identified by the FSA as a key factor behind inappropriate sales of Lehman-backed products to consumers.

Three adviser firms have been referred to the FSA's enforcement division over failings relating to Lehman-backed structured product sales.

Structured product provider Arc Capital & Income has today gone into administration.

The joint administrator of structured product provider NDFA has confirmed it will not be progressing with the Defined Income Plan August 2009.

Investec Structured Products

Jubilee Financial Products (JFP) has expressed an interest in acquiring parts of structured product provider NDFA, which went into administration yesterday.