Death in the City: retail distribution review reforms mean financial advisers will face tough new exams amid crackdown on mis-selling

Basic financial services suitable for 99% of the population should be sold at the post office for a small fee. No brokers or other salesmen are needed. Virtually all income generated by the City is parasitically drained from the customer who is left with ‘financial products’ not fit for purpose. The wage of an average City worker should be about the same as an average postal clerk. There is very little difference in terms of what they do. Will these laws and regulations go into effect? Not a chance.

4 comments on “Death in the City: retail distribution review reforms mean financial advisers will face tough new exams amid crackdown on mis-selling
  1. MirrorMirror says:

    @… “financial advisers will face tough new exams ”

    LOL .. every professional trader out there has an S3 , and that didn’t stop them !

  2. moist von lipwig says:

    Yeah….most likely the law is not going to be passed anyway or they make it easy for current brokers/advisers.
    Just another smoke screen to divert us.
    But its going to be a good law if they passed it and actively enforce the law.
    But seeing post 2008 and the lack of enforcement, they just making the blood of the public boil over during the end game and Tons of bankers are going to be hanged/decap when the EPIC/uber meltdown comes. la Grande Terreur http://en.wikipedia.org/wiki/Reign_of_Terror

  3. OlympiaLogger says:

    — — FIGHT WITH WHAT YOU HAVE — —

    Well, SOMEBODY over there has some cojones.
    You need to do MUCH more of this en masse, before the German Hag starts throwing you into iron maidens or on the rack for owning shop tools.

    http://www.liveleak.com/view?i=688_1356898241&p=1

  4. Bandwagon says:

    When the bar tabs (single session mind) of the city mob totally eclipse the yearly wage of a postal operative – big trouble brewing!!

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