from BAD to WORSE

[tamaranth]

Latest email from D, my sole contact at Financial Advice Co:

"Tanya,

[ex Advisor] has his files out of the office. What I have done is list what we have on the system here and put them on a basic client card for us to use as a working document.

Could you add in / amend the figures on this to update as to your current position, save and email back.

Best regards"

Am busily perusing the FSA website for something with which to rap their knuckles for BAD DPA COMPLIANCE.

Comments

[hairyears.livejournal.com]

Odd, that: I've just come out of a 'new-employee' meeting with the company IFA, and a very agreeable old buffer he is, too: silver-haired, prosperous, still sharp and he thoroughly knows his business.

Almost the poster-child for good retirement planing. But... Why is he still working when is is clearly nearer 75 than 65?

Maybe I should look more closely into this, cynic that I am.

FSA compliance

[ms-cataclysm.livejournal.com]

This is not how things should be. I'm not an IFA but I have to know something about FSA compliance & ethics to do my job.

starting with the "small" things first :-

Firstly, the same IFA should not be acting for you and your employer because he cannot give you independent advice. It is acceptable for him to give you factual information about the company's employee benefits . However, because there is a potential conflict of interest, he should not act for you as well.

Tamaranth, anyone can end up with a crap IFA . However, if you know your IFA is crap, you should not stay with him . There are plenty of competent people out there .You might like to take a look at the FSA website too -there is quite a good section on the complaints procedure.

I'm concerned by the reference to a property investment as this sounds like an unregulated investment which may be outside FSA protection.

[d-floorlandmine.livejournal.com]

has his files out of the office
That's really bad. Lock and load.