FCA - this is disgusting

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keitha
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2024, hopefully the year I get out of P2P

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FCA - this is disgusting Aug 29, 2024 10:09:55 GMT p2pfan likes this

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Post by keitha on Aug 29, 2024 10:09:55 GMT

www.telegraph.co.uk/money/pensions/private-pensions/lost-pension-to-fraud-administrators-taking-compensation/

so you get defrauded and get compensation under the FCA scheme because you looked for a safe investment, and the FCA allow the administrators to take fees from your compensation.

I have felt for sometime the FCA were useless / incompetent etc but this proves it

ilmoro
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FCA - this is disgusting Aug 29, 2024 19:51:56 GMT

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Post by ilmoro on Aug 29, 2024 19:51:56 GMT

Aug 29, 2024 10:09:55 GMT keitha said:

Not actually the FCA ... the repayment scheme was agreed by the Courts but the deduction for costs are subject to a future decision. The Judge riased concerns it & the admin have to provide evidence to support their case.

Otherwise yes, massive FCA incompetence ... the FCA failed to act for several years worsening the plight of investors. Sound familiar?

(Article on archive.is)

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