Permitted investment list could stifle innovation

While welcoming the suggestion of such a list the provider's head of technical support Claire Trott (pictured) said such a move would only work if all providers were consulted. "I would be surprised if the FCA decided to go down the route of a permitted investment list, especially as this is likely to stifle innovation and preclude legitimate and well managed investment opportunities," she said. "But if this does prove to be the case then it is important that this is done in consultation with all providers to ensure it is not unduly restrictive. "Providers need to be able to demonstra...