Laith Khalaf: Are financial products heading back to the 1990s?

They say those who cannot remember the past are doomed to repeat it, and in the UK today there are certainly some new developments that hark back to the 1990s, a period of excessive exuberance that precipitated the dotcom crash and the collapse of Equitable Life. Indeed the Equitable Life debacle was a watershed moment when the investing public came to be wary of totally entrusting their financial future to experts, however intelligent and well-meaning. Today we're seeing some major resonances in financial markets with the 1990s with complexity and a one-size-fits-all approach to product...