Mis-sold Mortgage Claims > Mortgage News
Mis Sold Financial Products Scandal Poses Question of Trust
Wed, 21 Dec 2011
The mis-sold financial products scandal has led to a £10.5m fine for high street bank HSBC this week.

This raises the question of who can you trust when you need financial advice .

Customers have been ripped off for years, by being sold expensive or just the wrong products.

The astounding story of the Nursing Homes Fees Agency is that the bank is not purely to blame for many thousands of pensioners being sold dodgy investments which were inappropriate for their needs.

The Financial Services Authority and government-funded advice services as well as key charities are involved in this scandal.

They are all guilty of letting us down in terms of offering trustworthy advice. Some of the organisations involved have done so for financial gain, yet others purely as they failed to ensure that the financial services they were recommended were okay.

The list of useless advice dished out by banks appears endless. It started with mis sold mortgages along comprising useless endowment policies through the 1980s and 1990s, to promoting expensive and frequently unnecessary payment protection insurance on innocent customers in the last decade.

Sadly time after time the banks have put their financial interests before the interests of customers.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.