There Are No Guarantees Left in Age of Financial Turmoil ; Trevor Law Personal Finance

Summary

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Can the word "guaranteed" ever be used again on a financial product?

It is a very interesting term in financial circles and its use in marketing material for financial products has been carefully controlled by regulators and compliance departments. As a financial adviser, one has had to be very careful when using this term as invariably there have been conditions attached contained within the small print.

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Extract

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There Are No Guarantees Left in Age of Financial Turmoil ; Trevor Law Personal Finance

Obviously in the past where the word guaranteed has been used in conjunction with bank and building society accounts, there has been little doubt as to what it actually meant, namely that your capital was perfectly safe and w...

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