Report this comment to a moderator

City firms move to safeguard client accounts

Client account exposure Changing terms of business is not much of a defence either since such variations must be consensual. Can't see any client wanting to agree that and such approaches are hardly likely to instil confidence in the firms in question! Since choice of Bank will not be negligent if they are High Street, clients will be opting to bring claims based on rule breaches and aiming at the Compensation Fund. There may be defences available in that arena. Can anyone remind me which representative Council recently decided to reduce our contributions to the Fund?

8-Oct-2008

5:18 pm