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MSE News: Banks 'give poor investment advice'

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  • talexuser
    talexuser Posts: 3,503 Forumite
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    It must be remembered that regular readers of this forum will have more financial knowledge than most (I have learnt a lot since being here) but there are many more people who have no background eg some first time posters here, and they are THE target market for the banks, when people naively think they must be the ones who know about money.

    So it's a good thing that this message is hammered home again and again until it becomes the accepted norm that banks are not our friends.
  • fatbelly
    fatbelly Posts: 20,800 Forumite
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    Our investigation shows that the high street isn't the best place to go for investment advice

    Change to 'any advice'
  • adindas
    adindas Posts: 6,851 Forumite
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    Well, they are not really giving advise, they are selling product ...
    e.g their own group shares or affiliate ...

    MSE_Helen wrote: »
    This is the discussion thread for the following MSE News Story:

    "Many high street banks and building societies are offering poor investment advice, says consumer group Which? ..."
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
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    talexuser wrote: »
    So it's a good thing that this message is hammered home again and again until it becomes the accepted norm that banks are not our friends.

    Totally agree. Keep hammering home that msg MSE. Not everyone knows that banks give poor advice and the more often it's said the better for evryone imao.
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