The UK Structured Products Association has hit back at the Investement Management Association's interpretation of the Financial Services Consumer Panel (FSCP) ten point action, which was unveiled last week. Richard Saunders, IMA's chief executive, interpreted the plan's call for ‘straightforward products' as a welcome attack on structured products. "We welcome the Consumer Panel's Ten Point plan, in particular ...the call for transparent product design..." said Saunders. "We have long been conce
