Originally posted by Whorty
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Another outstanding Brexiter MP ex-army veteran
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Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last. -
Originally posted by Zigenare View PostI've read the story - try avoid being a taunt for at least one day in your miserable life. There's no doubt that there was criminal intent. How much was the MP involved with that side of the business?Comment
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Originally posted by Whorty View PostYeah, yeah, it's the victim's fault for being lied to and not the company that paid £60m to a PR firm to run a dodgy marketing campaign that broke FCA rules on what the company could sell.
As for "most of us administer our own pensions" ... really? You seriously believe most people in the UK run their own pensions and hence "know all this stuff"? 17.4m believe the tosh on the side of a bus, that's how well educated and knowledgeable the UK populace is
If the company did indeed break FCA rule then they and those running the business should get their comeuppance. However, at the end of the day the old saying still rings true. "If a deal is too good to be true then it probably is". The investors may, with the benefit of hindsight, been lied to, but when making any financial investment you must do your own due diligence. Nobody else is going to do it for you. "A fool and his/her money is easily parted".
Analogy, Buying a house is probably the largest financial investment most people will make. We all know house prices can go down as well as up (we just assume that they will forever go up) You wouldn't buy a house without first having a survey performed on that property would you. The Financial institutions you borrow money off to purchase the house will insist on one. We perform due diligence when buying a house , or even a car, when not when handing your well earned wedge over to someone else to manage. Its why I moved my pension out of the hands of L&G. they were charging me 2 months contributions to manage the fund.Comment
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Originally posted by BrilloPad View PostSo you ignored the bit where people thought they were investing in a fixed rate ISA?
...and the other bits that might challenge/offend the Wailers.…Maybe we ain’t that young anymoreComment
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Originally posted by Yorkie62 View PostBy 'us' I meant those that contribute to this forum, i.e. the royal 'we' or 'us' in this case.
If the company did indeed break FCA rule then they and those running the business should get their comeuppance. However, at the end of the day the old saying still rings true. "If a deal is too good to be true then it probably is". The investors may, with the benefit of hindsight, been lied to, but when making any financial investment you must do your own due diligence. Nobody else is going to do it for you. "A fool and his/her money is easily parted".
Analogy, Buying a house is probably the largest financial investment most people will make. We all know house prices can go down as well as up (we just assume that they will forever go up) You wouldn't buy a house without first having a survey performed on that property would you. The Financial institutions you borrow money off to purchase the house will insist on one. We perform due diligence when buying a house , or even a car, when not when handing your well earned wedge over to someone else to manage. Its why I moved my pension out of the hands of L&G. they were charging me 2 months contributions to manage the fund.
In fact, I will only accept an FCA approved Brexit!Comment
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Originally posted by Zigenare View PostI've read the story - try avoid being a taunt for at least one day in your miserable life. There's no doubt that there was criminal intent. How much was the MP involved with that side of the business?
As for me being miserable ha ha, couldn't be further from the truth fella. Currently (by choice) on the bench and doing loads of cycling which I enjoy. Just sold some land for a 6 figure sum and war chest could last me 15 years even if I didn't work again. What's to be miserable about
Oh yeah, and I get to read the dumb fook posts of brexiters on here. That is the icing on the cake for meI am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View Postdoing loads of cycling which I enjoy.
For each £1 donated he will drop a gel wrapper outside WTFH's house......Comment
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Originally posted by Yorkie62 View PostBy 'us' I meant those that contribute to this forum, i.e. the royal 'we' or 'us' in this case.
If the company did indeed break FCA rule then they and those running the business should get their comeuppance. However, at the end of the day the old saying still rings true. "If a deal is too good to be true then it probably is". The investors may, with the benefit of hindsight, been lied to, but when making any financial investment you must do your own due diligence. Nobody else is going to do it for you. "A fool and his/her money is easily parted".
Analogy, Buying a house is probably the largest financial investment most people will make. We all know house prices can go down as well as up (we just assume that they will forever go up) You wouldn't buy a house without first having a survey performed on that property would you. The Financial institutions you borrow money off to purchase the house will insist on one. We perform due diligence when buying a house , or even a car, when not when handing your well earned wedge over to someone else to manage. Its why I moved my pension out of the hands of L&G. they were charging me 2 months contributions to manage the fund.
If a girl went out clubbing with a short skirt on and was attacked, would you also blame her as the victim?
Try taking politics out of this, the fact it's a Tory MP, and look at it factually. Maybe then you'll stop defending the guilty and have some compassion for the victims who have lost their life savings.I am what I drink, and I'm a bitter manComment
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Originally posted by WTFH View PostYes ignore that.
...and the other bits that might challenge/offend the Wailers.
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Originally posted by BrilloPad View PostSo you ignored the bit where people thought they were investing in a fixed rate ISA?
"Capital At Risk" <-- You'll see that on fixed rate ISA's too. Just saying.Last edited by Zigenare; 24 April 2019, 11:48.Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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