The following article is very interesting. http://www.moneymarketing.co.uk/regulation/high-court-rules-against-fscs-in-landmark-advice-case/1059555.article I agree with the Court’s ruling. I sincerely hope the fines which the FSA should levy against the unscrupulous mortgage broker at the very least equal what has to be paid out by the Financial Services Compensation Scheme. I suspect it is the over whelming majority of honest people in the industry which will foot the bill for this compensation. Given the completely unacceptable conduct of many British Banks in selling Payment Protection Insurance, they should disproportionately take this burden and not good Independent Financial Advisors and Mortgage Brokers in London and the UK like me.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
