COMMENTARY: Dogged determination

COMMENTARY: Dogged determination

As there is no definition of misselling, watch out for Mifid's suitability rules when they are introduced on November 1. As long as the Financial Ombudsman Service follows suit, the world should be closer to knowing what misselling is. Do not forget that a huge chunk of redress over the last fe...

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Bibliographic Details
Published in:Money Marketing 2007-07, p.38-38
Format: Magazinearticle
Language:eng
Subjects:
Company business management
Financial services
Financial services industry
Investment advisors
Management
Product design
Proposals
Regulation of financial institutions
Services
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Summary:As there is no definition of misselling, watch out for Mifid's suitability rules when they are introduced on November 1. As long as the Financial Ombudsman Service follows suit, the world should be closer to knowing what misselling is. Do not forget that a huge chunk of redress over the last few years has been based on sales of endowments and split-capital investment trusts.
ISSN:0958-3769
0958-3769