Michael Folger, Director,Conduct of Business Standards at the FSA, said: "DP19 looked at ways to regulate the sales process for products which have risk controls built into them in a way that appropriately balances these two elements of consumer protection.
"We still have to recognise that for some consumers even simplified investment products would be a poor choice. So, before taking any decisions, the next step is consumer testing of a filtered questions approach to the sales process. That will help us assess how effectively it can help consumers make sensible choices."