Consumers may be vulnerable, FSA warns

CONSUMERS shopping for the best deals face a “major risk” of being sold financial products they do not need, the Financial Services Authority (FSA) has warned.

By The Newsroom

Published 14th Mar 2012, 05:15 BST

Consumers are struggling with the slow economy, low interest rates and poor returns on investments, the FSA said.

But, as a result, they may buy products which turn out to be unsuitable because they are too risky, or that they do not understand properly.