FSA to increase FOS limit to £150k | News | Money Marketing
This compensation machine will become your prison, and theirs.
What is AIFA doing about all this unfairness? It is bad enough for those currently authorised but my sole trader friends who have left the industry, some a decade or more ago, can't sleep, partly because of the never ending worry and partly because they have lost their homes, their families, their dignity.
I don't argue that one or two may have been irresponsible but the fact remains that a never ending liability which is judged using 100% hindsight by a computer decision tree is immoral and I would argue illegal, well I would wouldn't I..
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