VENT: bonus/bandwagoners

SimonSays

So today I have been told my bonus is changing. I will be capped now. The reason

Bandwagons like the PPI mis sell forum on here and CAG has made the FCA change the rules

Not all insurance or financial product was missold. Just bandwagonners jumping in.

Ive now had to take a pay cut of around £8k. So next time you think people who work in insurance/finance are all criminals/greedy bankers theres some who just want to make ends meet

So I hope that chokes you bandwagoners.

System

Good fishing.....

Lokolo

A paycut of £8k? Oh give over.

The FCA put a cap on bonuses, not salary, so if you are that annoyed by it then negotiate with your employer in a higher salary instead.

Stupid vent.

SimonSays

Stupid vent?

My wage was made up mainly of bonuses. Now thats capped my basic is crap.

The FCA brought it on because of bandwagoners who said their "PP what" was missold

Oh and in an industry where people can jump in to do your job in a flash its not wise to make yourself unemployed wanting payrises.

Lokolo

SimonSays wrote: »

Stupid vent?

My wage was made up mainly of bonuses. Now thats capped my basic is crap.

The FCA brought it on because of bandwagoners who said their "PP what" was missold

Then negotiate with your employer! Hence why its a stupid vent!

Johnnytwostep

I didn't choke on the nice two weeks away I took skiing on my ppi payout tthanks very much.
I should have sent you a postcard to say thanks

transient

SimonSays wrote: »

Stupid vent?

My wage was made up mainly of bonuses. Now thats capped my basic is crap.

The FCA brought it on because of bandwagoners who said their "PP what" was missold

Oh and in an industry where people can jump in to do your job in a flash its not wise to make yourself unemployed wanting payrises.

But in the cases where PPI was refunded it was mis-sold, so in theory you have been enjoying your bonuses on the strength of these mis-sold payments, you fricking wretched man. I hope you dont have enough dough now for a tin of spam.

Smithers37

SimonSays has posted some rubbish on this forum, but I do have to show a little sympathy. PPI wasn't as mis sold as much as people like to think, people DO jump on the bandwagon to get one over on the banks and of course to milk it. I know this because my Dad was a bank manager who never mis sold PPI, yet had customers claiming it because they could.

The solution would be for banks to be made more transparent; then they could start charging people for the privilege of banking instead of having employees mis-sell in order to chase a bonus.

transient

Smithers37 wrote: »

SimonSays has posted some rubbish on this forum, but I do have to show a little sympathy. PPI wasn't as mis sold as much as people like to think, people DO jump on the bandwagon to get one over on the banks and of course to milk it. I know this because my Dad was a bank manager who never mis sold PPI, yet had customers claiming it because they could.

The solution would be for banks to be made more transparent; then they could start charging people for the privilege of banking instead of having employees mis-sell in order to chase a bonus.

If they had more due diligence then any spurious claims wouldnt have been paid out

bod1467

Banks / financial institutions made a commercial decision the effectively pay out PPI claims with minimal investigation, as it was cheaper to do this than properly-investigate all claims.

Exile_geordie

My heart bleeds for the OP.