Spotting the difference

Although the structure of derivative-linked products has become increasingly varied over the last two years, many advisers remain happy to lump all such products together under a 'protected banner'. Whether this lack of understanding is due to poor communication by providers or because of a lack of knowledge on the part of intermediaries is really irrelevant. What is critically important is that the differentials are recognised in the future, otherwise clients will be badly advised and will end up holding an inappropriate investment. There are two main types of derivative- linked fund prese...