#financialservice — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #financialservice, aggregated by home.social.
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Rachel Reeves is launching a consultation on ISAs (including changing cash ISAs' ceiling)... and it seems that while she is inviting views from the financial services sector, she has not announced any role of consumers and/or their representatives.
So, rather than ask what consumers want she seems to be instrumentailising their savings & asking how can they be best profited from bu others.
Its the wrong Q.; ask consumers what *they* want from ISAs first!
#savings #FinancialService
h/t FT -
Did she jump or was she pushed?
The head of the Financial Ombudsmen service, Abby Thomas, has quit.
Its not long since Rachel Reeves criticised the Ombudsmen & other regulators for not being sufficiently focused on business interests & growth; too often they'd taken the side of consumers in complaints about financial services misconduct.
So, deregulating the financial services sector by a range of means continues... what could possible go wrong?
I don't know; 2008?
#FinancialService
h/t FT