The nurse and her husband hoped to buy and run a bed and breakfast, so she could retire from her job. We now don’t have a family home to live in’,” she told the commission through tears. Several readers said they had been given poor financial guidance by advisers, who profited from that advice that proved ruinous to their clients. Other readers said insurance companies had refused to pay claims for property damage sustained in massive storms officially declared disasters by governments. The impact of financial malpractice has spilled far beyond people’s economic circumstances: contributing to chronic stress, ill-health, and family breakdowns.

Source: The Guardian April 20, 2018 22:18 UTC