Perhaps I’m not a lone voice in calling for the regulator to do what’s always seemed to me to be the bleedin’ obvious. A big chunk of the compensation paid out by the FSCS (Financial Services Compensation Scheme), which we, and ultimately you as a client, fund, is to those who’ve moved their pensions into dodgy, unregulated investments. They’ve more often than not been persuaded to do so by dodgy, unregulated ‘introducers’ who can’t officially give advice and so can’t be held to account. If all of that becomes illegal, all those involved will, at least, know where they stand. Which will hopefully be in court.
“Cash ISA allowance could be cut this month”
Our mantra has long been ’straightforward advice that you can understand’. That can mean trying to simplify the many complex products and options with which the world of finance tries to befuddle its target audience.
