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Get tough on senior managers

THE EDITOR’S COMMENT OF THE WEEK

Comment relating to online article, headlined, FSA fines HSBC £10.5m over misselling to elderly customers

Yet again, another bank gets fined in the millions, has even more millions to pay in compensation, this time for misselling to elderly, vulnerable people, and the FSA deem that to be enough.

When are the FSA going to get tough and take up criminal proceedings against the senior mana-gers in these organ-isations? Until they do, nothing will change. You can bet if it were a small IFA or smaller network, individuals would have been fined and banned from the industry.

Barry Woolley

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