IFAs unwilling to advise on structured products, says FCA

Lack of knowledge affecting sales in the UK

Entrance to the UK FCA building in London

UK financial advisers are unwilling to recommend structured products because they do not understand them, according to research by the UK Financial Conduct Authority (FCA). A review published by the regulator on March 20 found that a significant number of independent financial advisers (IFAs) were not strictly independent under the new Retail Distribution Review (RDR) rules because they are not considering all the investments that may be suitable when giving advice. Structured products are am