Buyer beware debate rumbles on

Aifa dipped its toes into the murky waters of the buyer beware debate last week, with its latest dis...

Aifa dipped its toes into the murky waters of the buyer beware debate last week, with its latest discussion paper following the FSA's retail distribution review. As the association said, any discussion of consumer responsibilities, especially in the financial space, usually begins badly, gets worse in the middle and ends in stalemate. "The language of the debate is adversarial and legalistic - and fails to recognise an industry and wider societal issue," it added. As covered here before, the buyer beware concept has never caught on in the financial services world, and the FSA seems to h...