Many of these 'capital at risk' products were fundamentally flawed. They were 'Income Bonds' that took greater risks with 'gearing' and only became known as 'Precipice Bonds' when they failed, every financial instrument has the capacity to fail but some are riskier than others.

Who is responsible?
Was it the advisers or the manufacurers, or someone else?

Where can you turn?
It all depends on: