Mark Wadsworth

This is a spare 'blog in case my main 'blog at markwadsworth.blogspot.com 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.

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