Retail product ban gets 72% industry backing

A survey of 530 members of the Chartered Institute for Securities & Investment (CISI) found 72% of respondents believed the regulator should be able to remove certain retail products from the market, with 27% strongly agreeing with the move. The CISI found there were regional variations in responses but all regions responded with well over 60% in agreement. Its results suggest a show of support for the government's break from its previously light-touch approach to product regulation. In February the Treasury announced  the Financial Conduct Authority, one of the regulatory bodies r...