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MSE News: Claims firms could have to point consumers to free alternatives
'Claims firms could have to point consumers to free alternatives'
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Comments
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Shutting the stable door after the horse has bolted into a field, eaten the grass, moved to another field, died, been turned into glue and was used on a 6 year old's collage in primary school
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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It is a bit funny to start regulating them at least semi-properly just as the PPI deadline hits. Still we are already seeing dodgy adverts trying to get their claws into other areas.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.0
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I only hope that despite the polite but arms length references in their recent consultation, the FCA both see and treat these parasities for what they really are.
The sooner people realise that the money wasted by firms on dealing with nebulous and fraudulent claims - including FOS fees which are happily raked in at South Quay Plaza regardless of merit because they keep the monster fed - comes straight back out of the pockets of normal consumers in general by way of product pricing, the better.0
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