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03/07/2005: "Updated index for: Personal Responsibility"

It’s time to tame your money
Stuart Fowler's February 2002 FT article takes a core theme of No Monkey Business: consumers will be better served by less trust in financial institutions and more trust in themselves. The article argues that the nanny state has fostered consumer ignorance about financial products. The answer is more responsibility, not more regulation. The article summarises the key things people need to do as part of taking personal responsibility.

Consumers have responsibilities as well as rights
John Trayner is a financial trainer (yes!) in the retail financial services industry – the front line. He sent us this and we sent it on to the FT who published it as a Personal View in December 2003. John makes the case that if we rely on others to advise us and protect us we have only ourselves to blame. This is at the heart of the unresolved debate in public policy between ‘caveat emptor’ and ‘nanny knows best’.