Why ILAS is conduct-sensitive
Because ILAS mixes protection and investment risk, sales easily collapse into “guaranteed return” stories or omit liquidity/fees. Conduct focus usually sits on behaviour, disclosure and suitability evidence.
Common pitfall list
Calling ILAS a deposit; implying past highs will repeat; downplaying early-exit loss; pushing large premiums without affordability; rushing signatures before risk is understood. Stop and return to official disclosure and suitability.
Study tips
- Turn the pitfall list into a “banned phrases” sticky for last-minute review