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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
It appears that the unions and industry funds have a lineup out the door of Solicitorsand board members intent on tearing apart any attempt to promote a fairer system to both the advisor and client. Compare the pair should be the FOFA in its first ridiculous draft and the Coalitions attempt on a fairer and simpler deal for all. Once again self indulgence and beligerance takes control of what should be a straight forward procedure.
Dont surrender ! The fair and affordable legislation for all will win out in the end
By it very nature, the "catch all" clause will only work retrospectively. Hindsight turns possibilities, even remote ones, into events that everyone knew were coming.
We work in a field with plenty of risks as it is. With FOS offering a no cost complaints mechanism and escalating its fees for advisers who wont pay go away money - the "catch all" clause is an invitation to rogues and their lawyers.
As with "opt in", its supporters have a commercial objective - but dress up their campaigns as consumer protection.