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True Potential redress offer

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Comments

  • RogerPensionGuy
    RogerPensionGuy Posts: 942 Forumite
    Fourth Anniversary 500 Posts Photogenic Name Dropper

    This is an interesting thread, it just shows if organisations are offering the likes of 8% commission within the rules of regulations and government oversight it's the real Wild~West and it just goes on.

    Another lesson that's helpful for customers and clients to have a fair understanding of these practices and just how they can operate, stories like this certainly make me nervous.

    ********

    True Potential Sets Aside £100 Million For Redress Scheme | TLW Solicitors https://share.google/HNl2nFLXAIN3K0Fx9

  • dunstonh
    dunstonh Posts: 121,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker

    This is an interesting thread, it just shows if organisations are offering the likes of 8% commission within the rules of regulations and government oversight it's the real Wild~West and it just goes on.

    Many did wonder how they got away with it; however, technically they're not offering 8% commission on the product. They were offering it at business level for the client bank.

    Another lesson that's helpful for customers and clients to have a fair understanding of these practices and just how they can operate, stories like this certainly make me nervous.

    It goes on in every walk of life. If you start worrying about it, then you won't end up dealing with any business in any area.

    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.
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