MORE than two-thirds of consumers who buy financial products are unaware that compensation is availa...
MORE than two-thirds of consumers who buy financial products are unaware that compensation is available to them in the event of a financial product provider going bust, says a MORI/Financial Services Compensation Scheme poll reported in this morning's Scotsman newspaper. The study comes as the FSCS takes over from 1 December when N2 begins as the new all-in-one agency for compensation, replacing and standardising existing schemes which had differing rules. The FSCS, which reports to the Financial Services Authority and the Treasury, commissioned the MORI research to discover atti...
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