IMA urges FSA to regulate structured deposits

clock

The IMA is calling for the FSA to regulate structured deposits and their distribution to customers.

Responding to the FSA's consultation paper, Regulating retail banking conduct of business, the IMA says it supports a new framework to regulate the way banks treat their customers. However, the association is concerned the draft rules do not consider more complex products such as structured deposits. IMA chief executive Dick Saunders says: "Products such as structured deposits are marketed as equivalent to investment funds; therefore there should be a level playing field, both from a consumer protection and a competition viewpoint." He adds there should be identical rules for their ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read
SJP rebrands global equity income fund and reduces charges

SJP rebrands global equity income fund and reduces charges

Appoints Acadian as investment adviser

Patrick Brusnahan
clock 22 July 2026 • 1 min read
Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

Beyond the 60/40: Why the traditional portfolio blueprint is being tested again

'Bonds should not be doing all the defensive work'

Will Dickson
clock 09 July 2026 • 4 min read