Thursday, September 30, 2010

FSCS rejects compensation claims for Arc, NDF and DRL investors | News | Money Marketing

FSCS rejects compensation claims for Arc, NDF and DRL investors | News | Money Marketing

"External advice"? A dartboard perhaps?

I'm sure that many advisers who avoided these "esoteric and opaque" (Martin's words) products will breathe a sigh of relief, I know some firms who will be in a pickle though and if they fell over there would be a flood, nay a tsunami heading the way of the FSCS.

This compensation machine will become your prison, and theirs.

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