Mark Wadsworth

This is a spare 'blog in case my main 'blog at isn't working

Newspeak or Weasel Words

There are phrases and words used by the financial services regulatory bureaucrats which infuriate me.

‘Mis-selling’ for example. This is nonsense as no-one can be forced to buy anything. Buying is voluntary therefore nothing can be ‘mis-sold’. Especially if one of the cornerstones of English law is adhered to – caveat emptor.

The FSA et al have some other dillies:

‘Consumer detriment’ – eh? Product A costs more than Product B which you failed to buy, so you’ve suffered detriment even if no-one was aware that product B existed.

‘Treating Customers Fairly’ – Here ‘fairly’ is used to replace ‘equitably’ – as in fair and just.

‘Retail distribution review’. Distribution of what? Review of what?

‘Retail Mediation Activity Monitoring’ – well, we do that but what it is that we do we don’t know as none of the questions are answerable. I am sure that there are more.

Do you know any? And are they ‘weasel words’ or are they ‘Newspeak’?

Posted by Lola.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: