Lowes: Don't blame struc prods for FSCS levy mess

Laying the blame on structured products devalues investments which deserve to be seen as useful tools in any client portofolio, Lowes told the Hargreaves Lansdown executive director in an open letter. "Be sceptical by all means," writes Lowes, "but to dismiss a whole investment area simply because we do not understand it is far from acceptable." Lowes was responding to comments made by Hargreaves linking the significant increase in the FSCS levy in 2011 to structured products. The managing director of Lowes Financial Management says he fully supports Hargreaves' stand against the F...