FOS sounds alarm over bank advice

Blackmore, Nicole
August 2009
Money Marketing;8/20/2009, p1
The article reports that Aifa has called for a Financial Services Authority (FSA) investigation in Great Britain. The move of the company is in response to the concern on potential increase in unsuitable investment expressed by the Financial Ombudsman Service Ltd. (FOS). On the other hand, FSA notes that it will not commit to any specific review of banks' investment despite the fear of the FOS over the complaints on investment advice.


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