Banned For Life
Jonathan Leigh Hardie, of Primedale Financial Services, has been banned indefinitely from being a senior manager by the FSA, for refusing to investigate nearly 400 cases of alleged endowment mis-selling.
Primedale Financial Services had been the subject of complaints over a five year period, to May 2006. The Financial Services Authority (FSA) had received 389 complaints over this period about potential endowment mis-selling, out of around 3,000 mortgage endowment policies sold between 1988 and 1999.
The FSA state that Hardie had "already decided that Primedale had never knowingly mis-sold an endowment policy", and refused to assess the claims properly.
The company is now in liquidation, and as a result of the FSA ruling Hardie is banned from entering senior management.
Showing posts with label primedale financial servcies. Show all posts
Showing posts with label primedale financial servcies. Show all posts
Wednesday, January 30, 2008
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