Offshore Savings MPs Blame IFAs
Published / Last Updated on 03/04/2009
Offshore Savings MPs Blame IFAs
Treasury Select Committee MPs have suggested that IFAs and other advisers are to blame for the quality of advice offered to clients just before Icelandic Banks went into liquidiation.
The report suggests that "Bearing in mind the heavy coverage in the financial press of Iceland’s fragility we would have expected offshore savers using independent financial advisers to have been advised of the changing risk profile of their savings.”
Our respsone is plain and simple. It is Governments that access to such information and not the market. Yest again MPs are passing blame for their complete failings to offer risk warnings or indeed perform their duty.
Not once has an MP, a member of the Treasury or any from the Financial Services Authority stood up and accepted some blame!
Shame on you all.
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