Agencies fear clampdown over financial 'health warning' rules

New rules forcing financial advertisers not to bury "health warnings

in small print were announced this week amid industry fears about a clampdown.

They are worried that the Financial Services Authority will interpret the regulations too strictly, forcing many ads to be amended or withdrawn.

The move is part of the FSA's plans to beef up the rules covering the retail financial services sector, which spent £1.4 billion on advertising and promotion last year.

"Our research shows that most consumers don't read the small print," Christine Farnish, the FSA's consumer director, said.

But agencies fear that the rules will lead to a period of uncertainty because they will not know what constitutes an adequate "health warning".

"If interpreted literally this will be a problem,

Andrew Porter, the chief executive of Masius, the D'Arcy group financial specialist, said.

The FSA says that it wants advertisers to keep to the spirit of the rules rather than tempt advertisers to find loopholes in them.

The new rules come six months after the IPA urged the Government to abolish "health warnings

in financial advertising.

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content


1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).