Eurolife situation another case of passing the buck

The continuing saga of the Eurolife Secured Bond product is swiftly turning into yet another blame-p...

The continuing saga of the Eurolife Secured Bond product is swiftly turning into yet another blame-passing exercise, an all too frequent occurrence in the world of financial services. Investors in the product are set to receive less than promised at outset, and the FSA is already beginning to point compensation-hungry investors in the direction of their advisers. If still unsatisfied, the FSA suggests knocking on the ombudsman's door, which obviously suggests the spectre of mis-selling is hovering around the product. Surely the Financial Services Compensation Scheme (FSCS), soon to be s...