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

Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read
Understanding the investment appeal of the energy addition

Understanding the investment appeal of the energy addition

Positive change takes time

Tim Humphreys
clock 11 March 2026 • 4 min read