'No such thing as a double digit risk-free return'

Chairman of the FSA, Howard Davies, has chastised IFAs who are touting guaranteed double digit risk-free return to their clients. The comments were part of speech Davies delivered yesterday to urge businesses and individuals to recognise the economic world is changing with low inflation likely to persist. Speaking at the CBI Southern Region Annual Dinner, Davies said: "We can expect, I believe, a continued period of low inflation and perhaps a slow recovery. In those circumstances, it will be important for companies to be realistic and not to build plans for the future on the e...