RDR is ‘the next financial scandal waiting to happen’, says Gina Miller 31/08/2012 The RDR is the next financial scandal waiting to happen as millions of people risk being further alienated by the financial services sector at a time when more should be done to engage with potential savers and investors, according to Gina Miller, head of the True and Fair campaigne and founding partner and chief executive of SCM Private.
Product differentiation gives intermediaries the edge in HNW home insurance market, says Defaqto 23/08/2012 Growing competition in the high net worth (HNW) home insurance market is eroding the dominance of intermediaries in this sector – but if intermediaries continue to focus on their main strengths of providing personal and professional advice which meets the bespoke needs of their clients, they will continue to thrive in this area, claims independent financial research company Defaqto.
LIBOR scandal: A bridge too far for lawyers? 09/07/2012 Financial scandals tend to follow a predictable path. First there are the revelations followed by the legal and regulatory sanctions and recriminations. Then the lawyers get into the act by initiating class actions on behalf of individuals and institutions that may have suffered a pecuniary loss as a result of the scandal. Finally, many months, if not years, later the relevant parties agree a settlement. In theory this should result in cash passing from the perpetrator. The suspicion, albeit unproven, is that a substantial part of “the settlement,” or the cash available for settlement ends up in the hands of the lawyers as “costs”.