If a builder promises to finish a job on time for a bargain price, doesn’t and charges you a fortune for an extension which falls down, it’s more than likely to be a case of ‘caveat emptor’. But when you’re promised a guaranteed return of 20% a year if you move your pension into an offshore fund investing in storage pods in Gravesend and, surprise, surprise, you lose all your money, fear not, you’ll be compensated. Here are some comments from adviser colleagues:
‘Regulation is for the good guys only. The bad guys just ignore it and get away with it’
This shouldn’t be a surprise. If a yob keys your car he’ll probably get away with it. If you park the same car quite legally but overstay you’ll get a big fine’.