Tony Blair starts investment advisory firm

Maybe it will make you money Maybey it Won't

I have this dossier that says we have some WMD to create wealth for you. My army of investment specialists is waiting to go in and check it out for you. Is all I need is a little advance and this whole kingdom could be yours

Posted by: Bob Donaldson

23 Aug 2010 | 09:38

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Gordon Brown Start Loan Company

That's nothing...Former Prime Minister Gordon Brown today announced that he is to seek FSA approval for his new lending firm, it will be called Firesale.

Posted by: Gavin Fielding

23 Aug 2010 | 10:33

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Welcome to our world

I wonder how Mr A.Blair will feel once he realises he condoned the occupational discrimination by the body set up previously by the Blair/Brown partnership - the FSA, the body that his advisory firm is now subservient to.

The FSA saw fit to discriminate whereby, unlike other occupations; builders, surveyors,(FSA staff)etc etc the 15 year longstop defence against professional negligence claims, recognised under statute law has been disallowed for professionals working in financial services.

This hits SME IFAs hardest as they don’t usually have shareholder or policyholder funds to bail them out, not because the adviser has proveably done any wrong, but to cover the time and effort in defending “stale” claims and pay the FOS their case fees.. win or lose. Not entirely an “impartial” system in the absence of the FOS charging the complainant where they are in the wrong, something the MCCB used to be able to do, to their IMPARTIAL credit !.

This allows the FOS to continue to pursue "heresy claims that wouldn't be allowed in a court of law" to the graveside of the adviser to "recover" losses that in many cases haven't actually occurred, may not occur and on a basis that continues to remain inconsistent...FOS viws it one way on one day and a different way on another day. The FSCS even has powers to jump into the fresh grave of the adviser and is on record as saying it doesn’t seek sight of the advisers file before applying charges through assumed guilt.

What a system, what a “State” !!

Thank you so much Mr Blair for this position. Perhaps you could consider sending some of your firms profits to the families of advisers hounded in retirement, homes, poor health etc who are guilty of nothing more than being an IFA and thereby trying to better the lot of Joe Public in the best way possible.

Posted by: A retired IFA reflective of a loss of rights

23 Aug 2010 | 10:45

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