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ARTICLE · 23 FEBRUARY 2006

Deloitte Financial Services Fundamental News

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The FSA has gone to press with sharp criticism of recent online promotions for Venture Capital Trusts. The FSA cited a number of intermediaries who were accentuating the positive, but significantly underrating the negatives in their online communications. Claire Aquilina reports on the FSA’s concerns.

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Are advertisers caught in a tangled web?
By Claire Aquilina

Venture Capital Trusts – The Financial Services Authority (FSA) condemns online advertising for lack of balance

The FSA has gone to press with sharp criticism of recent online promotions for Venture Capital Trusts. The FSA cited a number of intermediaries who were accentuating the positive, but significantly underrating the negatives in their online communications. Claire Aquilina reports on the FSA’s concerns.

In a press release in November 2005, the FSA raised concerns over web-based financial promotions for Venture Capital Trusts (VCTs) and highlighted a number of shortcomings in the web advertisements placed by 11 intermediaries that market VCTs.

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