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UK consumers don't trust financial services

Perhaps Which? will tell us something we don't know next time :rolleyes:.

Guardian story

Comments

  • dunstonh
    dunstonh Posts: 120,033 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    UK consumers dont trust anyone. Why should financial services be any different.

    Silly article though. Which?, one of the most hypocritical organisations there is*, blame the fact that stakeholders failed on the financial services industry when actually its the product that is flawed and has been superseded by better alternatives.

    * Which? recommended endowments as best buys in the past. However, they ignore that. Which? also recommended 'Split Caps', 'Precipice Bonds' and technology stocks and those had problems too. So you have to take what Which? say with a pinch of salt sometimes.

    They dont hold the moral high ground to make critical comments like that.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Just checking you weren't hibernating, dh ;).

    Did Which? really recommend technology stocks :eek: ? I'd love it if you could give me a link.
  • Tiggs_2
    Tiggs_2 Posts: 440 Forumite
    "with 21% of those questioned having a bad experience with a financial company in the past."

    i have food poisioning once.....so i'm giving up on that eating stuff!

    Which + Guardian + stupid survey = nonsense good for nothing other than headlines.
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