Almost two-thirds of all structured products offered in 2009 will include Financial Services Compensation Scheme (FSCS) protection, according to Opal.
The structured product services provider says this is up from around 30% in 2008 with the corollary being capital-at-risk products will reduce from around 66% of the market to a third. The news follows an announcement from the FSA earlier this month who said they will be reviewing the way structured products are sold in the UK following the collapse of Lehman Brothers in September 2008. Opal also says one of the major consequences of the move towards capital protection will be a similar growth in the number of organisations looking at promoting structured products to their customers. ...
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