The UK Structured Products Association has launched a free website for advisers, hosting details of all members’ products currently in subscription.
It is designed to allow comparison of different products more easily, by giving key information for each offering in a concise and uniform format. The launch follows recent initiatives to enhance the level of information available to advisers, via new product codes and risk ratings.
The codes are broken down into four main sectors: protected growth, non-protected growth, protected income and non-protected income, while the market risk of a product is denoted using numbers ranging from 1 to 7 and level of credit risk gauged using letters from A to G.
Zak de Mariveles, chairman of UK Spa, said he hopes the website will be the ‘one-stop’ shop where advisers can see member products and receive updates when new products are added.
This will sit alongside monthly market updates, education around the various product payoffs and the latest risk ratings.
Last month, a survey carried out by StructuredProductReview found that almost a third of financial advisers wanted to understand which types of structured products work best in different scenarios.
peter.walker@ft.com
