Does Barclays' £7.7m fine spell trouble for the big boys?

Barclays tore up every TCF rule in the book to flog the two Aviva funds linked to today's record-breaking FSA fine. But shockingly, this is not an isolated case of negligent advice from major financial institutions and the big question is who will be next in the firing line?

Laura Miller
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Barclays tore up every TCF rule in the book to flog the two Aviva funds linked to today's record-breaking FSA fine.

But shockingly, this is not an isolated case of negligent advice from major financial institutions and the big question is who will be next in the firing line? We are inundated at IFAonline with advisers flagging up the poor advice their clients have received in the past from banks and advisers linked to other large financial institutions. They are highly critical that the FSA seems to target the small independent advisers with very low complaints records while the high street banks get off scott-free with mis-selling on a massive scale. All will be pleased Barclays must now face t...

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