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Financial Services Authority: FSA warns against ‘toxic’ traded life policy investments

( November 28, 2011, 12:55 GMT | Official Statement) -- MLex Summary: Traded life policy investments are too risky for ordinary savers and should not be promoted to these retail investors, the British financial regulator said. The guidance said firms would need "robust justification" of the suitability of such an investment for a particular client in order to offer it. The guidance is open for feedback until 23 January 2012.28 November 2011...

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