HSBC fined for mis-selling investments to pay care fees
Posted on 05/12/11, filed under News | No CommentsThe Financial Services Authority has fined HSBC for selling inappropriate investments to elderly clients, as reported by IFAonline. In most of the cases reviewed, the clients were about to enter, or were already living in, residential care homes. They had sought financial advice specifically about funding long-term care, but the investments recommended to them were unsuitable in the circumstances. Many vulnerable clients may have suffered financial detriment as a result. The fine… read the rest of “HSBC fined for mis-selling investments to pay care fees”