It would seem like stating the obvious, after an orgy of destructive property lending and the creation of trillions of dollars of toxic derivatives, to claim that much global banking activity has served society not a jot.
read more Commentary by Stuart FowlerIs it not obvious that investing in higher growth countries will yield higher returns? Not at all. This is one of the traps investors regularly fall into. Saturday’s FT has a timely reminder.
read more Commentary by Stuart FowlerIn a close parallel with a case I took to the Financial Ombudsman Service, it was reported last week that Lloyds TSB were required by the FOS to compensate an 87 year old widow with no investment experience to whom the bank sold a balanced fund, Discovery Solutions, in an expensive investment bond wrapper.
read more Commentary by Stuart FowlerMy interest in consumer protection (and self-protection), which is what got the No Monkey Business project started, was fed with three items in the last few days. They have aggravated my frustration that people who should know better are still not framing the public policy issues properly.
read more Commentary by Stuart FowlerAfter three years, the FSA’s latest consultation paper on the Retail Distribution Review (RDR), published 25th June, is close to the final word, incorporating the draft Handbook test that rarely alters much in subsequent consultation. It is time therefore to judge whether these changes in the way the advice industry works will lead to significantly better outcomes for customers.
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