Bewdley IFA Nigel Tinsdale attracts media attention
The concerns of a local independent Financial Adviser (IFA), Nigel Tinsdale, regarding his position on the Financial Services Authority (FSA) lacking interest in potential fraud, are being echoed as the Serious Fraud Office openly slams the FSA for failing to take interest in the investigation of a financial adviser who was sentenced recently to six years imprisonment for fraud by Lincoln Crown Court on the 16th April.
Mr. Tinsdale’s personal telephone security banking experience formed the basis of an article published within the Financial Adviser, a Financial Times publication 16th April, and again was referred to in the headline Serious Fraud Office article, printed in the same publication the following week.
A Bewdley resident, Nigel Tinsdale is the managing director of Tinsdale Investment Management on Load Street. When asked his reasons for trying to highlight his industry unease, he commented: “As a local IFA, we are constantly being asked to be vigilant over any concerns on financial crime. The FSA should be the industry’s failsafe against acts of fraud and criminality, actively supporting and helping us fight against financial crime, but unfortunately on a number of occasions this just hasn’t happened.”
Although highly critical of the FSA in their recent handling of financial fraud, Mr. Tinsdale is fully supportive of the direction the organisation is pushing regulation. “The FSA has huge powers, rewriting the rulebook for the financial services industry. Thanks to their changes there is now one primary rule, that we must treat customers fairly which is a master stroke in regulation as it really does ensure the industry focuses at all times on what is right for the client.”
Mr. Tinsdale over the last few years has written, and had published, a number of articles in the financial sector’s press. As a result, he is beginning to emerge as a leading expert in personal financial planning strategy in relation to the ‘credit crunch’ sharing his thoughts about the industry he works in and discussing the possible impact the economy will have on future taxation, savings and loan interest rates and the direct impact the economy is having for those considering retirement.