Uncomfortable reading: 21 years punctuated by advice scandals

Learning from mistakes

clock • 17 min read

As Professional Adviser marks its 21st anniversary, Ayesha Venkataraman looks back at some of the biggest financial advice scandals since its inception in 2001...  

The regularity with which the British Steel pension scandal makes the news - as it rightfully should - could lead one to believe that it's the only crisis to stem from unsuitable financial advice. But there have been more than a handful, and millions of hard-earned pounds lost in the process. As Professional Adviser marks its 21st anniversary, here's a look back at some of the biggest financial advice scandals since its inception in 2001.   Connaught fund The Connaught fund, also previously known as the Guaranteed Low Risk Income Fund Series 1, was an unregulated collective invest...

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