31
Jan
2011
Keydata, the FSCS and Kafka
Professional readers will be aware of the industry outrage over who has been made to pay for a product provider’s failure. Here’s our take.
read more Commentary by Stuart FowlerPosts tagged as misselling
26
Jan
2011
FSA consults on product regulation
A new discussion paper from the FSA threatens greater intervention in product design and marketing. Would it stop the monkey business? We doubt it.
read more Commentary by Stuart Fowler
03
Nov
2009
FSA chutzpah on structured products
The FSA does not understand structured products with capital guarantees. Because it does not do product regulation, the market now faces a wave of complaints but with no proper basis for determining misselling.
read more Commentary by Stuart Fowler
15
Sep
2009
Banks named and shamed
High Street banks dominate the first list of firms named and shamed by the Financial Ombudsman Service.
read more Commentary by Stuart Fowler
16
Aug
2009
Preying on the elderly
In 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.
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