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The haves and the have-nots

I have now heard from the Financial Services Compensation Scheme that, in a case where a defunct firm has one person who is bankrupt and another who is a millionaire (this is an actual case), nothing can be done and the firm cannot be declared in fault.

In a case like this, my working-class clients, who have several cases against this firm, are therefore quite unable to obtain compensation as they do not have the money to sue.

A sad reflection on life in the UK today.

Bruce Jamieson
Principal
Jamieson Financial Management

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