End of the line for mass distribution?

Cover Story


Under the European Union's Markets in Financial Instruments Directive (MiFID) (see box page 14), financial advice will become a regulated investment service, which effectively means that structured products distributors will only be allowed to sell financial products directly to customers if they are non-complex financial instruments.

Worryingly for many in the structured products market, this means the directive could damage the mass distribution of retail structured investments in the EU. In

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