FSCS chief calls for exclusion of unregulated investment products

60% of pay-outs from 'bad advice'

Sophie King
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“I advocate prioritizing protection of the consumer over maximising choice" - Mark Neale
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“I advocate prioritizing protection of the consumer over maximising choice" - Mark Neale

FSCS chief executive Mark Neale has called for the lifeboat fund to be able to exclude unregulated investment and retirement products that have led to increasing FSCS pay-outs in recent years.

In his speech at UK Finance's Retail Banking Summit, Neale (pictured) said guiding consumers towards simple, good value financial products would reduce the risk of mis-advising consumers. He proposed...

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