“L&G told to compensate client over investment advice given 25 years ago”

Apr 7, 2021 | Financial Services

I bought this car in 1997. I sold it in 2003, but I was never really happy with it, the seats gave me backache and the stereo was rubbish. The guy should have asked me about my bad back and music-listening preferences, so I think I’ll ask for my money back with interest of 8% per annum, please. If only life were like that. Well, it is, if you bought a PEP (kids etc.), and can find the paperwork when the claims management company cold-calls you. Not much hope with my dodgy Mondeo, though.

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“Advisers fearful of further compliance and regulation”

“Advisers fearful of further compliance and regulation”

We know, of course we know, that regulation is, or at least should be a ‘good thing’. If those who need or should seek advice can be confident that they’ll be told the right thing, that someone has looked at those ’too good to be true’ investments before they’re allowed to take your money; or, in the case of a Woodford, while they’re raking it in to make sure it’s going where it’s supposed to.