Sir Martin Lewis - Thank you

egduj

As an avid reader of MSE over the past few years, I along with millions of others have made huge savings with the FREE advice given by Martin Lewis. Independant Financial Advisors charge a small fortune for the same thing.

I cannot believe the number of posters blaming Martin for the unprecedented world financial crisis.

I for one wish that Martin is eventually knighted in recognition of his work in assisting the ordinary man, woman and child make the most of their hard earned money.

Martin, THANK YOU

wes88

Sorry, a bit of sick came up reading that.

dunstonh

Oh please. What complete and utter tosh.

Independant Financial Advisors charge a small fortune for the same thing.

They also have legal and financial liability when the advice they give turns out to be wrong. Also, IFAs would be taken to the cleaners by the FSA if we were to present our information in the way Martin does in regulated areas. If Martin was an adviser, the site could not work in the way it does. He would be struck off it was run like this. There are a number of articles that breach FSA rules if Martin was an adviser.

Dont mix up web based information and journalism with regulated financial advice.

KorkyKat

Only !!!!!!, sycophants, royal grovellers, dead politicians, has beens like M Parkinson, and fat lollipop ladies get gongs. To even consider Martin in the same breath deserves pecking to death by the Tower's ravens.

Shame on you and Glory to Martin, The People's Champion




p.s. I am laughing myself silly at all the Martin snipers now that it has come out the Treasury advised the local authorities to bank with Iceland and that everybody relied on the S&P AAA rating. Eat thy humble pie low lives.

Seajays

dunstonh wrote: »

They also have legal and financial liability when the advice they give turns out to be wrong.

Out of interest, do you think any IFAs would have recommended Icesave in the last two years?

If so, do you see them being held responsible for the consequences to their clients over the failure of Icesave?

Stavros_3

Seajays wrote: »

Out of interest, do you think any IFAs would have recommended Icesave in the last two years?

ray123

I would like to know how much money the people who are slagging off Martin Lewis have saved using this website?
A rough estimate for myself over the last year would be at least £1000...
I am sure some have saved maybe 10k plus - council tax re-banding, car insurance, etc... Martin is not the scapegoat, if you want to blame someone, blame society and the banks for being reckless with cheap credit over the last decade...
Has anyone saved more than 10k since they started using this site?

wes88

KorkyKat wrote: »

p.s. I am laughing myself silly at all the Martin snipers now that it has come out the Treasury advised the local authorities to bank with Iceland and that everybody relied on the S&P AAA rating. Eat thy humble pie low lives.

Crikey mate! You are very easily amused. Might want to turn the computer off for a while.

Hillwalker

egduj wrote: »

I cannot believe the number of posters blaming Martin for the unprecedented world financial crisis.

Martin, THANK YOU

Only a handful (if that) of posters are blaming Martin and most of them just wanted someone or something at which to vent their anger and fear.
The vast majority are guided by Martins advice but except they are responsible for their own decissions.

Martin has and continues to do us all a great service but you should not encourage people to assume Martin is a Financial Advisor or that the information he provides should take precedent over seeking IFA. On the contary the information should be used only as a guide and perhaps as a basis for discussions with a IFA.

Andy

Unity

ray123 wrote: »

I would like to know how much money the people who are slagging off Martin Lewis have saved using this website?
A rough estimate for myself over the last year would be at least £1000...

An excellent point - I wonder how much money has been saved in total, by all the members on this site by using the advice given?

ray123 wrote: »

... Martin is not the scapegoat, if you want to blame someone, blame society and the banks for being reckless with cheap credit over the last decade...

Absolutely :T:T:T

dunstonh

Out of interest, do you think any IFAs would have recommended Icesave in the last two years?

depends on the type of recommendation and when. Often on these things people dont want formal advice. They just want access to your copy of moneyfacts that shows exactly the same data as websites. Opening a page in a monthly paper to see the top rates is not advice. Thats no different to what was happening on comparison websites or here.

If they wanted a formal recommendation then I would have expected a warning in the recommendation letter about the different FSCS protections (that warning is put on most products that dont get standard FSCS protections) and thats about it. For cases after March/April (ish) of this year I doubt any formal recommendation would have been made without further stability risk warnings as there were concerns back then.

However, lets be clear, the vast majority of consumers dont pay an adviser to give them a savings account recommendation. That said, the councils dont have much excuse. They do pay for advice and you would expect due dilligence to take place on deposits being made in the millions and the information was around earlier in the year that there were concerns.

In this case the issue is with savings, which is unregulated. There are subjects on this site which cover regulated products which say things an adviser would not be able to say.