The malady lingers on | Opinion | Money Marketing
Talking about the FOS, journalists etc, what did you do with the Consumers Association samples of Which? magazine that I sent you when asked publicly for some Nic? You remember, the topic was did Which? have mortgage endowment 'best buys'. There are lots of such articles relating to guaranteed income/growth bonds, pensions, you name it. I can't publish because Which? set their legal dog, or dogs, on me. I also have articles from national papers describing the benefits of investments which bombed eventually.
What I am trying to say is that it doesn't matter if an adviser had an 'honestly held opinion' (so did the regulators at the time) that this or that product or investment was suitable for Mr & Mrs Public the FOS can, and more than often does, make it all up after the event and the adviser can't defend him/her self. For those of you standing outside this compensation machine which has become a prison it is a fact that you can't see the wood for the trees.
Having said all that I do agree with you that there are more useless advisers than you can shake John Tiney's big stick at. But there are also some highly opinionated journos with selective memory syndrome.
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