No probe into bank struc prod 'mis-selling' - FSA

Last week, Treasury Committee chairman, John McFall, wrote to the FSA calling for an investigation into claims some investors were incorrectly sold structured investments on the basis they were protected by the Financial Services Compensation Scheme (FSCS). A number of the BBC's Working Lunch viewers had previously complained they were sold structured investments by bank advisers after being told they would benefit from additional financial protection compared with their standard bank deposit accounts. However, several lost their money when Lehman Brothers collapsed in late 2008, and su...