Regulator says think twice about "exotic" products

The Financial Services Authority has warned consumers to think twice before investing in "exotic" ISAs, suggesting that some specialist ISAs might be too complicated for consumers to understand. FSA officials said they were concerned that the end of tax year ISA rush might blind consumers to the dangers associated with high return/high risk ISAs - such as those which invest in hedge funds or use derivatives linked to the performance of complex hedge fund indices. Anna Bowes, sales and investment manager for Chase de Vere Investments, agreed many consumers are not aware of the risks ass...