Joanna Faith investigates whether advisers should reconsider these products.
When Lehman’s collapsed in September 2008, structured products (SPs) were hung out to dry. Thousands of investors, with products backed by a guarantee from the investment bank, lost large sums of money when providers such as Keydata and NDF went bust. The result was a backlash against structured investments, and ever since the products have polarised the financial advice community. In response to the unwavering abuse hurled at the sector, eight retail structured product providers created the UK Structured Products Association: Citi, Credit Suisse, Legal & General, Morgan Stanley, Prudent...
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