Tim Sargisson: How LCF highlights the real need for financial advice

Prevention not cure

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Tim Sargisson: "The nuance of advertising an unregulated product will be completely lost to the myriad of investors – and why wouldn’t it be?"
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Tim Sargisson: "The nuance of advertising an unregulated product will be completely lost to the myriad of investors – and why wouldn’t it be?"

The depressingly familiar collapse of London Capital & Finance and similar episodes represent a failure of the whole financial services sector to promote itself sufficiently well to the consumer, argues Tim Sargisson

The collapse of London Capital & Finance (LCF) has the potential to leave 11,500 investors out-of-pocket to the tune of £236m. The unravelling financial disaster is a well-trodden path in that the firm...

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