the current ‘buyer beware’ in the financial sector – or transferring of responsibility to the investor of buying the right financial product – is a regulatory failure. It is not unlike a car vendor flinging open the bonnet and saying: ‘Go do your due diligence and ensure this car is safe.’ Asking an average person to understand concepts of present value, future value, real return and so on is no different from asking him to buy a car after ensuring that the engine is safe! You will understand why the regulatory changes under way are so important for your future.
