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Purchasing financial products a worry for 23% of consumers

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According to research by independent financial research company Defaqto, 23% of people are worried about purchasing a financial product that is not right for them at the same time, 49% do not necessarily understand the features of products they own.

Defaqto said it has launched its 2012 star ratings to help people base their financial decisions on the features and benefits products provide, not just how much they cost, and to better understand

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