FSA targets promotion of property investment

While full details of the review are not yet known, Tony Katz, manager of the financial promotions team at the FSA, told delegates at the Direct Marketing Association’s (DMA) Financial Services Conference many promotions do not give an adequate description of the investment and do not pay enough attention to the risks involved. More specifically, Katz says many consumers are confused about the distinction between investing in commercial property and investing in residential property, as there is often a lack of clarity about the different risks involved. Following the research, the FS...