Moneyway welcomes FSA plans for transparency
Moneyway, the bank that prides itself on being simple and transparent, has welcomed the news that the Financial Services Agency plans to ‘name and shame’ financial brands that are subject to complaints. Gary Jennison, CEO of Moneyway, formerly known as Secure Trust Bank, said it was high time the public were enlightened about practices and complaints of financial brands.
Mr Jennison said: “According to these plans, the FSA will list the number of complaints received by each of the top 125 financial brands, and the percentage of these each company upholds.
“When that information is made public, the brands with the highest number of complaints could find themselves in the firing line. By the same token, those who perform well will have something to be proud of.
“Moneyway exercises a ‘simple and transparent’ philosophy, it is one of our brand values and one that we
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