NDFA hits back at McFall following criticism of structured products



Distributor NDFA has hit back at UK treasury select committee chair John McFall MP over his letter to the Financial Services Authority about structured products backed by Lehman Brothers. The MP's action followed complaints from investors who were sold 100% capital-guaranteed structured products issued by the now defunct US bank from UK distributors NDFA and Defined Returns.

NDFA, which sold five plans backed by Lehman Brothers, has described McFall's letter as "an attack on the financial

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