|
 |
|
Mis-selling, and Banks …
Featured in TIMES and Which? magazine
In a recent article in the Times, some serious points were made about mis-selling, which we think are worth highlighting. Times and Which magazines are urging consumers not to buy investment products from banks or building societies as more cases of mis-selling come to light.
As thousands of savers with Keydata, the collapsed investment firm whose products were sold through banks and independent financial advisers, wait for news on their losses, consumer groups are urging investors to think carefully before handing over their cash.
Dominic Lindley, of Which?, says: “Many investment products are unnecessarily complex and most people do not understand them. Pushy bank staff working on commission can often give bad advice.”
As evidence mounts that banks, building societies and wealth managers are pushing inappropriate investments on customers, particularly elderly people, Times Money lists ten questions to ask before investing.
Related Links
James Pearcy-Caldwell
Director
Dated 9 November 2009 – valid for 12 months. AisaProfessional is a trading style of Aisa Direct Ltd, authorised and regulated by
the FSA as Independent Financial Advisers. 1 Fordbrook Business Centre, Pewsey,
SN9 5NU
Notes …
Please note that the opinions expressed in this information must not be
construed as statements of fact – you should carry out your own further research
before coming to a decision and before taking any action.
The views in this letter represent the opinions of Aisa and should
not be construed as a statement of fact. Further advice should be sought before
actioning any investment or tax advice. The Financial Services Authority does
not regulate opinions on the economic outlook, nor does it regulate some forms
of tax advice or comment such as this.
* This
newsletter has been prepared with all possible care to ensure its accuracy. It
is based on our current understanding of legislation and HMRC practice.
* Neither Aisa Direct
Ltd nor any of its employees can accept responsibility for any errors or
omissions. You should seek further professional advice prior to action.
This should not be deemed
as individual advice and you should seek further information particular to your
individual circumstances. For further information, contact
AisaProfessional on (0845) 838 7279. |
 |
