From Ian Fraser Blog
''The managing director of the Financial Services Authority, Martin Wheatley, has launched a stinging attack on ‘mis-selling’ of financial products by banks, building societies and other financial institutions to their retail customers, even describing the incentive schemes that underpinned the ‘misselling’ of payment protection insurance (PPI) as “rotten to the core”. In the above video, filmed on September 5th, Wheatley called for a “cultural shift across the industry”. He declared the FSA had done a survey of 22 financial firms of varying sizes, including high street banks, building societies, insurance companies and investment firms.''
video & text
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