Jump to content


Rugby League World Issue 400 - Out Now!

RUGBY LEAGUE WORLD MAGAZINE - ISSUE 401 - OUT NOW!
84 pages, full colour, in-depth coverage from the grassroots through to the international game.
Click here for the digital edition or just download the Rugby League World app from Apple Newsstand or Google Play now.
Click here to order a copy for delivery by post. Annual subscriptions also available worldwide.
Find out what's inside Issue 401
/ View a Gallery of all our previous 400 covers / WH Smith Branches stocking Issue 401
Read Jamie Jones-Buchanan's Top 5 RLW Interviews including Marwan Koukash, Lee Briers, Gareth Thomas, Steve Ganson & Matt King OBE


League Express

Podcast

Photo
- - - - -

Cyprus taking a percentage of people's savings


  • Please log in to reply
23 replies to this topic

#21 Futtocks

Futtocks
  • Coach
  • 20,127 posts

Posted 18 March 2013 - 05:01 PM

Haven't they stopped transfers?


Internet transactions have been limited, and there's only so much cash that you can get out of an ATM per day.

A mind is like a parachute. It doesn’t work if it isn’t open. Frank Zappa (1940 - 1993)


#22 JohnM

JohnM
  • Coach
  • 19,858 posts

Posted 18 March 2013 - 06:10 PM

As an IFA at the time, the FSA made it quite plain that we had to recommend Equitable Life (non-paying commission firm) unless we could fully justify otherwise. This, along with other financial issues, left the FSA totally embarrassed. Yet they are immune from being taken to task!

As for the savings 'raid', it will send a clear message across the world that your savings are not even secure in a bank in certain countries.


Good grief! What is it with regulators who don't regulate and who get away with it. EL's actions has left me thousands out of pocket.

#23 Saint Billinge

Saint Billinge
  • Coach
  • 2,653 posts

Posted 18 March 2013 - 06:50 PM

Good grief! What is it with regulators who don't regulate and who get away with it. EL's actions has left me thousands out of pocket.


As far as IFAs are concerned, they haven't a good word to say about the FSA who ruled with an iron fist. Many have called it a day, whereas the banks escaped with 'light' regulation and a scandal it was.

With regard to Equitable Life, the FSA made a huge mistake in thinking that commission was a dirty word. The shame is, many people invested only to be let down badly. No wonder there is a new regulator about to take over. The previous Labour Government failed also in this respect.

Edited by Saint Billinge, 18 March 2013 - 09:19 PM.


#24 chuffer

chuffer
  • Coach
  • 3,423 posts

Posted 18 March 2013 - 11:20 PM

Haven't they stopped transfers?


Haha looks like it....




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users