PPI - Future Mortgages 2004-2007 - Their word v mine?

magpiecottage

addedvaluebob wrote: »

But the point is that financial advisers deceive people and charge fees without adding any benefit.

That is irrelevant to the fact that CMCs lie and add no benefit

Your comment about adviser charges not being included in the suitability report and 'of course' this is included in the personalised illustration is disingenuous. You just take off the back page.

It is not that easy for most firms as it is incorporated with other information.

Given that I have seen cases where the adviser produced two reports (one for the client and one for the compliance department) your statement is it okay etc is somewhat moot.

Given that you have told us you are retired, you would not have access to a firm's client files. So your statement that you have seen cases where a client produced two reports is somewhat moot.

It also does not change the fact that the charges are included in the illustration.

Some FA's rip people off and so do some CMC's.

I have never suggested no financial adviser ever gets it wrong. Some are crooked.

They are, though, in a minority. A number are incompetent and a number fail to document what they have done.

However those "advisers" who simply sold what they could with total disregard to suitability and saw what stuck have been driven out.

What I see, though, are complaints from CMCs which are submitted with total disregard to whether they might be true to see what might stick.

Marty_Hopkirk

addedvaluebob wrote: »

Weak research and little new or of substance just regurgitating old facts.

Really?

I'm guessing you have the evidence to support that statement?

I'm glad you acknowledge them as fact.

Marty...

Marty_Hopkirk

More comedy gold from a CMCs T&Cs.

Example of FeesWe recover you £1,500.00 from your bank. Our fees on this Would be £450.00 (25% = £375.00 vat = £75.00)

• Please note that your bank may uphold other mis-sold PPI that you may have purchased as a result of our approach to them. If this is the case, we will deal with these cases on your behalf and the same charges of 25%+VAT will apply.

Fair and equitible T&Cs? You sign up for one deal and then they have right to persue others claims, the financial institutions add in automatically.

Marty...

addedvaluebob

Given that you have told us you are retired, you would not have access to a firm's client files

.

I am retired and not dead my memory is still in excellent working order.

(Text removed by MSE Forum Team)

I have never suggested no financial adviser ever gets it wrong. Some are crooked.

They are, though, in a minority. A number are incompetent and a number fail to document what they have done.

Gee that must make the public much happier

However those "advisers" who simply sold what they could with total disregard to suitability and saw what stuck have been driven out.

So the 74% who failed to document the pension transfer advice must be in the unlucky part of the advising population

addedvaluebob

Marty_Hopkirk wrote: »

Fair and equitible T&Cs? You sign up for one deal and then they have right to persue others claims, the financial institutions add in automatically.

Remember you have to sign to say you have read the T & Cs before they go ahead. You know, just like you must have read all the T & Cs in the five PPI cases that you claimed you were mis-sold and yet still made claims for mis-selling.

If you think the terms are unfair then why don't you take up a test case on behalf of the British public instead of wasting time quoting three lines of a contract

Marty_Hopkirk

addedvaluebob wrote: »

If you think the terms are unfair then why don't you take up a test case on behalf of the British public instead of wasting time quoting three lines of a contract

This is proof you know very little about contract law, look up NEC 3, GCW5 and JCT M/W and intermediate. I work live and breath and write and work with these contracts which are far more complex and detailed that the generic ones CMCs push out. One can write into a contract whatever one likes and get someone to sign but, that does not make it fair and equitible (thats the point you have totally missed). Granted one would have to legally challenge it.

The clincher here of course, if you knew anything about contracts, as I have not been disadvantaged by these dubious contract I can't mount a legal challenge against a CMC T&Cs. Furthermore, where I have had (PPI) unfair contracts, I have challenged and managed to obtain redress.

Marty...

addedvaluebob

So why don't you ask someone on here who you believe has been subject of these unfair contracts if they want you to represent them on a pro-bono basis as you believe you would be doing the British public a service.

If you are so talented at contract law, how did you manage to sign up with unfair PPI contracts five times? By 'challenge' I think we can all assume you sent off the standard template letter from MSE and got lucky

Marty_Hopkirk

You repeatedly mention the number five in relation to my posts, the ability to read posts and count is useful.

Marty...

addedvaluebob

So is the ability to read a contract that 'once upon a time' you were incapable of doing but now are a contract expert

magpiecottage

This post was resurrected by a spammer. His post has been removed.

I have checked his website and found him to be offering debt management activities without being authorised to do so by the Fiancial Conduct Authority, to who I have reported him.

I found him to be advertising claims manangement services without being authorised to do so by the Claims Regulator, to whom I have reported him.

addedvaluebob and I, agree, despite our other differences, that he should not have been doing either activity without such authorisation and his post has been removed.

I do not think continuing this thread will now serve any useful purpose.