Lowes backs FSA crackdown on investment tools


Risk-profiling tools are imperfect models which threaten to turn the art of investing into an imprecise science and should only be used as a guideline, says Ian Lowes.

The MD of Lowes Financial Management was speaking after the FSA today warned over-reliance on risk-profiling and asset allocation tools can lead to customer detriment and flawed outputs. Lowes (pictured)...

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