Beware: Half of all investments recommended by banks, financial advisers and other intermediaries are wrong for consumers because they involve more risk than savers are prepared to take. This is the shocking conclusion of the Financial Services Authority, which analysed investment sales undertaken by numerous firms over a two-year period to September 2010. The City regulator last week fined Barclays a record 7.7 million for investment mis-sellingicon, kick-starting a compensation process that involves 12,000 people and could cost the banking giant almost 80 million.

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