This week the FCA has announced that it will begin a consultation on the method used to calculate redress in complaints brought by former final salary scheme members over poor advice they received on their transfers out of schemes. The current redress method was put in place in the 1990s and is intended to put consumers back in the position they would have been had they stayed in the final salary scheme. Following consultation, changes […]
Complaints about Traded Life Policy Investments
September 25th, 2013
TLPIs, sometimes known as “Death Bonds” are at heart an investment in death. Life insurance policies are purchased from individuals to release funds for them, then pooled and sold to hedge funds or investment banks to be packaged and transformed into securities which can in turn be sold to investors. The basic idea behind TLPIs is that everybody dies at some point; when the original policy holders die the fund receives the insurance payout which […]
