EEA blasts UK’s FSA over traded life policies
EEA Fund Management has criticised the Financial Service Authority in its reponse to the regulator’s moves to tighten access to traded life policy investments.
While EEA agrees with the FSA that investing in TLP products may not be suitable for mainstream retail investors, it argues that this asset class may suit the investment needs of sophisticated investors.
EEA is particularly concerned by the type of language used by the regulator to describe the asset class; it used words such as ‘toxic’ and ‘ponzi’ in its earlier statements.
To read the full response click here: FSA consultation submission