Targeted return rates

I have noticed recently promotions, presumably aimed at retirees with cash to invest, promoting in one case " 7%, interest paid quarterly, targeted return. Is this legal?? It is , I believe highly deceptive,, potential investors will see 7% pa, not "targeted"., What are others opinions ?

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Originally Posted by Sgt Pepper

I have noticed recently promotions, presumably aimed at retirees with cash to invest, promoting in one case " 7%, interest paid quarterly, targeted return. Is this legal?? It is , I believe highly deceptive,, potential investors will see 7% pa, not "targeted"., What are others opinions ?

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Often those sort of promotions have asterisks and any number of other points to cover themselves. ie 'projected' 'before fees' etc.