Royal London's push into the retail investment market will begin next month with the launch of Riley - a protected capital alternative to with-profits investments.
Touted as an “individually insured investment”, the bond is said to have been designed for investors who want to take some risk with their investments, but also want to protect against the possible downside of equity markets, by specifying at an “insured date” of five years and beyond the amount of the fund they want to protect. Language on all related documents for the Life of Riley campaign is written a way that clearly attempts to comply with the FSA’s concept of treating customers fairly, because it sets out, among other things, who the product is and is not suitable for, in a document...
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