FSA to roll out product risk framework

Information issued this morning by the FSA sets out how the FSA monitors possible mis-selling in the retail financial services market and, more specifically, which product types or issues it is monitoring because of emerging retail risks. As well as pointing out the FSA has pensions contracting-out, financial promotions and venture capital trusts under review, among others subjects, the regulatory body has been developing a product risk framework for internal use to help officials “assess the risk to consumers of different products being launched or marketed by firms”. The FSA is keen...