War widow wins compensation over Lloyds 'advice' - papers

Jessie Love, 86, trusted Lloyds TSB, which she had banked with for half a century, to provide sensible advice on her money, writes the Daily Mail. But in February 2007, a bank salesman persuaded her to move £100,000 from her savings account and put it in a risky fund where it then lost a quarter of its value. The bank has stood by the advice, but the Financial Ombudsman has since found against it and demanded that Lloyds pays compensation. The case is another shocking example of how salesmen at High Street banks are preying on elderly savers and persuading them to gamble their nest...