The FSA is urging firms promoting precipice bonds to include better information about the products i...
The FSA is urging firms promoting precipice bonds to include better information about the products in direct mail offerings, including their risks. The regulator suggests such mailings should explain how the promised rate of income from the bond will be achieved and provide regular updates on performance. Formal guidance on this issue has been given without the usual consultation process because the FSA believes immediate action is needed to protect consumers.
'Truly making a difference'
Avoidance, evasion and non-compliance
From 6 April 2019
Marcus Brookes appointed CIO