Lloyds Banking Group and Société Générale have joined the UK Structured Products Association (UK SPA).
The banks bring the organisation's membership to 10, including Citi, Credit Suisse, Legal & General, Morgan Stanley, Prudential, Royal Bank of Scotland, Santander and Skandia.
Launched last November, UK SPA's remit is to educate and inform the investment community. It offers independent commentary on structures and also seeks to address any misunderstandings or misrepresentations of the market.
The association has also created an advisory committee made up of independent plan managers including Gilliat Financial Solutions, Jubilee Financial Products, Meteor Asset Management and Walker Crips Structured Investments.
"We are delighted to have Lloyds Banking Group and Société Générale join the UK Structured Products Association and we welcome their commitment to our central themes of informing and educating the investment community about structured products," UK SPA says.
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