IMA wants probe of 'misleading' substitute retail products

It says the way some of these products are marketed is “misleading” and has praised the European Commission’s Call for Evidence into the matter. The trade body for the asset management industry carried out research comparing the first three issues of GEBs by National Savings & Investments (NS&I). It says the products were described as offering “stock market growth potential with no risk to your capital”, adding “thousands of investors are playing the stock market without risking a penny” by buying these products. The IMA says it compared the value after five years of the first three i...