I’ve said for ages that, were regulated advisers banned from recommending unregulated investments, most of the scams for which the FSCS, i.e advisers like us, i.e. ultimately our clients have to compensate, wouldn’t happen. Surely it’s common sense, which Boris has assumed we Brits have in spadefuls. Well, here’s how far we’ve come: the regulator is consulting on the possibility of banning the promotion of one of these toxic investments (so-called mini bonds) to all but sophisticated, high net worth investors. ‘I didn’t know he was a welder investing all of his redundancy money, he seemed pretty sophisticated to me’. Sorry to any redundant welders, but you get my drift.
“Platforms call for UK government to resist launching ‘retrograde’ British ISAs”
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
