The collapse of London Capital reflects badly on the whole of financial services and particularly those supposed to regulate. Oldest trick in the book, they were issuing guaranteed return investments that had no chance of providing any guaranteed returns, various whistle-blowers were ignored and now we see that one of the world’s biggest firms of accountants, who audited the company, somehow missed what was going on and have been fined accordingly. Horses, stable doors, etc. The Treasury Committee investigating it described it as ‘one of the biggest regulatory failures in decades’. It will, sadly, doubtless happen again and proves the old adage, if you’re going to cheat, cheat big, shout loud and you’re more likely to get away with it.
“The journey towards hyper-personalisation in financial advice”
No, me neither. ‘Hyper Personalisation’ sounds like the financial advice equivalent of, not just a tailored suit, but made to measure shoes, shirt, socks and underwear.
