Away with the myths: a structured products convert speaks

I began working in the financial services industry in late 2007 as an administrator at an IFA firm. We were at that time recommending Structured Capital At Risk Products (SCARPs) to our clients, albeit not to a great extent. Then came the collapse of Lehman Brothers in September 2008, after which we stopped using them altogether. Structured products were the black sheep of the investment family that, along with a lot of IFAs, we chose to ignore post-2008. Like all other IFA firms with clients invested in Lehman Brothers-backed structured products, we were frantically trying to deal with ...