Jamie Smith, chairman of the UK Structured Products Association, asks: Is it time the consumer press were made more accountable for their coverage of structured products?
As well as turning to advisers and their banks for financial guidance, many consumers look to the finance sections of the national newspapers. Readers place high confidence in the journalists’ thoughts and often view them as financial experts. That is why it is again extremely frustrating to see one of the most widely distributed national newspapers attempt to attract readers by publishing sensational stories with little evidence or clarity around the content. On 6 March, the Daily Mail published an article about structured products (‘Savers lured into a £9bn gamble’), criticising the...
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