Time to give new meaning to a wise old adage

Starting the New Year with fines and compensation, it is hard to argue with the notion that the 'buy...

Starting the New Year with fines and compensation, it is hard to argue with the notion that the 'buyer beware' concept, at least in the financial services industry, is rapidly becoming meaningless. While investors and policyholders should not expect, or be expected, to understand the minutiae of products before buying them, all but the most careless would surely not commit their hard-earned money without some understanding of where it might be going and what might potentially happen to it. The vast majority of people buying a car would not claim to understand how the vehicle works. But mo...