IMA RESPONDS TO THE FSA'S ACTION ON STRUCTURED PRODUCTS

The Investment Management Association (IMA) welcomes today's announcement from the FSA that it is to take action to ensure that future structured product investors are treated fairly.

Commenting, Richard Saunders, Chief Executive of the IMA, said:

"The Investment Management Association has previously called for structured products to be subject to the same disclosure as other investment products, such as authorised funds. We hope the effect of the FSA's Retail Distribution Review and the Packaged Retail Investment Products proposals from the European Commission will be to bring this about. 

We welcome the FSA's guidance on their expectations for the design, marketing and sales of structured products, especially what they say regarding the quality of many financial promotions.  It is really important that the nature of the investment, its risks and its costs are made clear to potential investors."

-ENDS-

About Investment Management Association
IMA is the trade body for the UK's £3 trillion asset management industry. The money its members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs. Its role is to represent the industry and promote high standards.

For further information, please contact:
Noreen Shah, Press Officer, IMA                         0207 831 0898
Ginny Broad, Head of Communications, IMA        0207 831 0898 or 07834 089332 

Email: press@investmentuk.org