28 November 2011
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The Financial Services Authority (FSA) has said it plans to ban the sale and promotion of "toxic" traded life settlement policies because they are high risk and generally unsuitable for the majority of UK retail investors.
The FSA aims to consult on a ban next year to help "erase" the risks the investments pose, it said. TLPIs - like those invested in by failed firm Keydata - invest in a pooled investment or fund which...
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