Article preview: Financial services regulation in the UK is strict. However, unregulated financial products remain rife, sitting outside of the UK’s regulatory framework and exposing investors to significant risk. Where these unregulated financial products are promoted to consumers, there’s an opportunity for regulators to intervene. PIMFA, the trade association for the wealth management and financial advice industry, is now calling on the government to tighten regulation around the promotion of these unregulated financial products.
Here’s a way to protect vulnerable investors
This 453-word blog post looks at a new call from PIMFA to regulate the promotion of unregulated financial products, as a way to protect consumers and the industry. Written on 27th October 2020.
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