More comments have come in on the FSA's plans to reform the use of projection rates to avoid creating further misunderstanding in the minds of consumers as to what sort of returns they might expect from financial products.
The FSA’s document published earlier this week has certainly stirred up emotions among IFAS, some of whom have already commented on the proposals. Here are some more comments from intermediaries and consultants (see at the bottom of the page if you'd like to add your thoughts). One financial services consultant (name and address supplied to editor) says: As a consumer I have always found the prediction of future growth rates quite worthless. As I recall, they were originally designed to help the consumer establish how much cost the life provider or fund manager was taking in charges ...
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