ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168 
Likes: 4,859
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Post by ozboy on Jul 25, 2022 11:26:39 GMT
Let that sink in......................... SIXTY PERCENT! .........................Wottasurprise. WELL past time for this moribund, self serving, arrogant and Consumer Invested Savings Destroyer to be wound up and *replaced, it's a dangerous cesspit of Gross Incompetence which only gets worse.
"Staff at the Financial Conduct Authority have slammed the regulator's leadership in an internal survey.
Sixty percent said they did not have confidence in the regulator's executive committee, according to staff polling seen by Financial News, up 36% from last year.
Fifty-nine per cent said the executive committee did not communicate effectively..."
* Of course, if Government and "Vested Interests" are involved, it will undoubtedly be replaced by an equally useless New Body. God help us. SOURCE: www.fnlondon.com/articles/fca-staff-blast-leadership-failures-in-internal-survey-20220721 |
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benaj
Member of DD Central
N/A
Posts: 5,591
Likes: 1,735
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Post by benaj on Jul 25, 2022 11:40:39 GMT
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travolta
Member of DD Central
Posts: 1,506
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Post by travolta on Jul 25, 2022 15:01:52 GMT
Cut off their quangos
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m2btj
Member of DD Central
Posts: 631
Likes: 772
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Post by m2btj on Aug 16, 2022 8:08:28 GMT
FCA staff have said that they are not prepared to work in the office for more than two days a week. I hope that has been reflected in their London weighting allowance. Former head & principal clown Andrew Bailey, has once again faced criticism for failure to act in the Blackmore Bond collapse. FCA staff fight over huge bonus payments & small investors are being swindled of their life savings by boiler room scams. The FCA is not fit for purpose! To think that this clown is in charge of the BoE! www.bbc.co.uk/news/business-62504445 |
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rscal
Posts: 985
Likes: 537
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Post by rscal on Aug 16, 2022 19:52:44 GMT
I had a with-profit mortgage endowment policy (the 'low cost' one) so I am a critic of the concept of miss-sold insurance products. I thought it rather strange that given there was only one pool of money to divide, I was effectively surcharged to pay off the 'miss-sold' policyholders. How was I not 'miss-sold' a product if I wasn't told in advance about the possibility (the nature of my investment aside) the state would 'fine' my investment returns to help unrelated people - that was not part of the regulated advice at the time I joined. And how could it be - the Regulator had cooked up a Robin Hood solution that wouldn't bear any examination for five minutes - but they pulled it off anyway because 'Government' doncha know - someone else picks up the tab every time.
And Regulation is one of those 'jobs' which has been a growth [of employment] industry. "What is it, you think you do here?"
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aju
Member of DD Central
Posts: 3,500
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Post by aju on Aug 17, 2022 11:47:58 GMT
FCA staff have said that they are not prepared to work in the office for more than two days a week. I hope that has been reflected in their London weighting allowance. Former head & principal clown Andrew Bailey, has once again faced criticism for failure to act in the Blackmore Bond collapse. FCA staff fight over huge bonus payments & small investors are being swindled of their life savings by boiler room scams. The FCA is not fit for purpose! To think that this clown is in charge of the BoE! www.bbc.co.uk/news/business-62504445The 1 hour BBC program aired last night i think ( We may have had it on catchup) and had a very interesting section of one of the disgraced directors of the company in question. He seemed to now be purporting to be something of a lifestyle guru!. I bet he is still fleecing people on that one. (He got really annoyed when one of the people had managed to get into the presentation, someone who was fleeced herself, and challenged him so he blocked her out!) Thanksfully others had been clever enough to record the presentation and the programme could warn people of the next calmity these people might be causing to the unsuspecting audience. It's also interesting that Blackmore was named similarly to Blackrock! No connection though - I think - well assume! I agree about the sentiments regarding Andrew Bailey but would i be wrong in thinking they are all in it to feather their own nests at the detriment of the "low feeders" communities. Rather like most of us even though many of us have made a lot more out of investing than many might have been lucky to experience. There are surely many more collapses to come before this current wave of "Inflation" comes to an end but one thing is for sure the top 1% will be ok!. Hopefully we will be ok too .. at least we can afford to weather the storm better than most even though we are a long way off the top rungs. Mrs aju and the new grandchild are doing their level best to put a sizable dent in it though! 
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