Co-Op bond holders demand bank pays for their financial advice

The group set up to protect pensioners hit by the Co-op's plan is also pressing for the Treasury Select Committee to investigate the deal, according to the Mail on Sunday. Mark Taber, a professional bond investor who is behind the campaign, said: ‘In announcing the offer, the Co-op said it would look to fund financial advice. It has not been forthcoming. It should be providing advice now.' Pensioners, some of whom rely on Co-op bonds for up to half their income, have been left fearful by Co-operative Bank's plans to restructure its bonds, Taber said. Some were considering selling thei...