The financial services industry has long held the pretence of being a gentlemanly industry that rare...
The financial services industry has long held the pretence of being a gentlemanly industry that rarely turns on its own, even when wrongdoing is revealed. But the Equitable Life debacle has started to change this and, frankly, it is hard to feel sorry for Abbey Life over the recent fine for endowment mis-selling and compliance 'deficiencies'. Is this being churlish you might ask, when surely a fine for a name such as Abbey Life is a fine for the whole industry? Simply put, no. The direct sales industry has spent years and not inconsiderable amounts of money telling consumers and the consu...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes