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Claims chaser Rebus publishes another ‘adviser watch list’ despite concerns

Claims chaser Rebus Investment Solutions has released yet another “Adviser Watch List” despite solicitors warning that consumers should be wary of it.

The latest instalment of Rebus’ watch list includes a selection of 10 networks and advisers that Rebus has tabled claims against.

Rebus has published a new list despite solicitors warning it could give consumers an “entirely false impression”.

Rebus employs banned adviser Richard Rhys, who was struck off by the FSA for Ucis misselling.

In its newsletter, Rebus defends the list by saying it allows investors to be better informed.

It states: “It allows them to check whether those who have advised them or who are advising them have previously been found to have mis-sold such schemes by the Financial Ombudsman Service or the Courts, or are currently being investigated in connection with possible mis-selling by Rebus on instruction from existing Rebus clients.

“We stress that just because we are investigating mis-selling does not mean that there has been misselling.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. I wasn’t actually thinking of Rebus when I stated that CMCs are lower than a weasels belly but the cap fits nice and snug.

    As well as being Ian Rankin’s favourite police officer it seems that a rebus is an allusional device that uses pictures to represent words. In this case it seems to be a delusional device designed to mislead consumers whilst conversely suggesting high levels of competence at their London offices.

    With the staff comprising a Coronation Street extra and a refugee from the FOS it is not surprising when, on their site, one board member states “I was still shocked to learn that in the most regulated industry in the UK there remains a large number of unscrupulous IFAs whose moral compass is fundamentally flawed.”

    Another advises , “I am astounded daily by the number of very smart and intelligent people that have been tricked by their IFAs to make completely irrational investment decisions. It makes for uncomfortable reading when you realise the extent to which this sort of practise has been going on”

    As Mandy Rice-Davies said, “He would, wouldn’t he?”

  2. Given that the publication of such a list is tantamount to defamation of firms that may have done nothing wrong and against whom any complaints concocted by muck rakers such as Rebus may well be entirely legitimately rejected, one wonders what the MoJ’s position is on this. A lack of action suggests complicity.

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