Newsgroups: uk.finance
Subject: Re: FSA advising "most consumers" to contract back in to S2P
From: alan.frame@acm.org (Alan Frame)
Date: Tue, 30 Jan 2007 23:44:51 +0000

Rob graham  wrote:

> "Mark"  wrote 
> > Hi,
> >
> > I have recently received a leaflet from the FSA about S2P.  One
> > paragraph stands out in which is says "Independent analysis that have
> > been done for us suggests that most consumers are likely to be
> > financially worse off by contacting out or staying contracted out
> > during 2006/7."
> >
> > I have never heard any specific advise on whether to contract in or
> > out.  Does anyone know the reasons for this statement?  Who are these
> > "independent analysists"?

> The FSA does not actually give advice. Some of its wordings are wrapped up
> to look like advice to the unaided eye, (like the one you're quoting) but
> actually they are not. You'd have a job to nail them in court. The only ones
> you'll be able to nail in court are IFAs, to whom you've been referred.

Yeah?

Do you think you can find (& afford) an IFA that will:
(a) give you a definitive answer about 2SP
(b) Can afford indemnity insurance
(c) Will still be around in 20 years time for you to claim from if
they're wrong?

rgds, Alan
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