The Financial Conduct Authority (FCA) has found that some promotions for financial products are still falling short of its rules and firms need to do more to ensure that advertisements do not mislead consumers. Since 1 April, the FCA has reviewed over 1,500 financial promotions for consumer credit products. The rules state that all promotions […]

The FCA yesterday fined both Credit Suisse International (CSI) and Yorkshire Building Society (YBS) in respect of their financial promotions for a structured deposit called the “Cliquet Product”. The Cliquet Product is a capital protected four, five or six year structured deposit product which guarantees a minimum return. In addition, if the sum of the […]