Thoughts on Finance, Current Affairs and General Consumer Ripoffs - Damn Lies and Statistics

After repeatedly seeing questions raised on Money Saving Expert about the London Capital & Finance bonds that purport to be low risk savings bond and is advertised on sites alongside cash accounts that are fully FSCS protected I reported these to the Advertising Standards Authority (ASA) and Financial Conduct Authority FCA. The advert details make no mention of the fact these are completely unregulated and you could lose ALL your money. The full asset backed security is nonsense and misleading investors into thinking there is protection to their savings when they could lose their entire investment. I have posted risk warnings about London Capital & Finance bonds before but need to report them too so hopefully people won't get sucked in and lose money they can't afford too. It's criminal that a company is allowed to promote their products in such a way that they are made to appear low risk when a regulated product could not do so. On regulated investments ...

You may have seen adverts for London Capital & Finance offering excessively high rates for what are claimed to be savings accounts. The motto "if it seems too good to be true it probably is" has never been more appropriate. London Capital & Finance may not be a scam but it certainly isn't offering a savings account. It's not FSCS protected and you could lose ALL your money. The advert claims London Capital Finance is a savings account, it isn't! It's a loan to a company that may not pay it back. Read closely and it says your capital is at risk