Ken Davy: Distrust dangerous FSCS survey

26 Dec 2015

The FSCS has just announced the results of a survey it commissioned from those nice people at Warwick Business School.

Surprise, surprise, it found that the FSCS, with a trust score of 67 out of 100, was more trusted than advisers who scored just 57, though at least we came out above banks at 51 and insurers at 49. In reality, given the British belief in fair play, I would be more interested in a survey about whether consumers felt it fair that advisers have to pay 100 per cent of the liabilities of firms who have created them, despite having absolutely no way of stopping, influencing or even being aware of their behaviour. 

 

Read the full blog post on FTadviser.


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