endowment mis-selling

IFAs have raised concerns a new bonds mis-selling claims service will further damage the industry's reputation and exacerbate the so-called "compensation culture".

LLOYDS TSB said it would set aside an additional £300m provision this year to partially cover the cost of paying compensation for endowment mis-selling, reports the Times .

Yesterday's conclusion of the landmark Financial Services and Markets Tribunal between the Financial Services Authority and Legal & General has generated an industry feeling of victory over the great tyrant, the FSA.

The Financial Services and Markets Tribunal has just released its judgement on the case involving a mis-selling charge levied against insurer Legal & General.