LIGHTER TOUCH regulated low-cost savings products could still bring new mis-selling claims from people who lose means-tested benefits as a result of buying them, the Daily Telegraph reports the Financial Ombudsman as saying yesterday.
Merricks told the Treasury Select Committee: "Potentially we could uphold a complaint in those circumstances." People on low incomes who buy them could find they would have been better off not saving if they would otherwise be entitled to means-tested benefits when they retire, suggested Conservative MP David Heathcoat-Amory, a member of the Treasury Select Committee which is examining the public loss of confidence in long-term savings. MERRILL LYNCH is in the press again this morning for yet another sexual discrimination case which could cost them around £7.5m if the investment firm ...
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