Assessing good value

Market view by Robert Benson

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In a recent publication1, the UK’s Financial Services Authority said most consumers “are likely to have difficulty calculating the ‘fair value’ of [structured] products. This complexity may explain the wide variation in charges and the value-for-money offered by these products.”

This statement follows comments in the US by the vice-chairman of the US National Association of Securities Dealers, who stated that “intricate investment vehicles being created by some financial institutions