Very well summarized Aspie.... I cannot see for the life of me that the Plevin Case will have any legs . Surely t he FCA will not shoot themselves in the foot ( again - light touch regime was a disaster for all ) and impose retrospective measures. If T&C's did not disclose the use of agents and payment of commission as they required to do, then FCa or FSA Arrow visits and then more formal in depth reviews would have picked this up. I can believe that a small company such as Paragon may have not had the disclosures but not the big boys and in any case the claimants cannot be paid out twice for supposed mis selling ( don't believe all these were genuine for nano second - see earlier post) AND non disclosure of third party commission payments. Yes the FCA may and should recommend tougher disclosures and more robust / unambiguous T&C's but not retrospective directives that can give rise to further damage. The Gov should time out PPi . Yes we call all see why it was good for the economy but it is high time that the Gov let Banks make profit and return money to the economy via the good folk who actually capitalize these institutions in the form of decent divs. buy backs and spec divs - ie the share and bond holders. It has the same effect but rewards risk and loyalty and not the fraudsters who continue to claim and the ambulance chasing non regulated firms who I bet do not have any where near transparent disclosures on comm taken in their own T&C's
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.