Fsa Cautious Over Plans for Complex with-Profits Products
Birmingham Post › October 23, 2004
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Summary
City regulator the Financial Services Authority (FSA) this week dealt a blow to a government-sponsored plan to tackle Britain's savings crisis. It announced on Thursday that it had recommended the exclusion, for now, of complex with-profits, or 'smoothed investments', savings products from the scheme.
The government wanted the with-profits products to be included in the new mass-market savings plan, set to be introduced next April.See the full content of this document
Extract
Fsa Cautious Over Plans for Complex with-Profits Products
But the FSA said it needed more time to examine whether the products could be sold ...
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