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SecureTrustBank uploaded a new video
(5 months ago)
Secure Trust Bank's Chief Executive Gary Jennison gives his opinion on the mortgage industry - asking the question - Who can you trust on mortgage ...
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Secure Trust Bank's Chief Executive Gary Jennison gives his opinion on the mortgage industry - asking the question - Who can you trust on mortgage rate margins?
Goto http://www.securetrustbank.com/press.htm for more information
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SecureTrustBank became friends with CashAtHand
(6 months ago)
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SecureTrustBank uploaded a new video
(6 months ago)
Controversial Bank Hits Out At PPI Sales Mis-sell
Secure Trust Bank has hit out at commission greedy insurance salesmen who have mis-sold payment pr...
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Controversial Bank Hits Out At PPI Sales Mis-sell
Secure Trust Bank has hit out at commission greedy insurance salesmen who have mis-sold payment protection policies to consumers, leaving them in debt and vulnerable.
Gary Jennison, Chief Executive of the bank, caused controversy within the industry last month when he criticised the Government's bail-out of the banks, and as Unite prepares for a march in Birmingham City Centre tomorrow (SAT), he's been quick to remind union members that things may not be as vulnerable for those out of work if bank-led insurance policies had been more
transparent.
The Unite For Jobs march, a major drive to secure urgent and strategic assistance for UK manufacturing and a clear plan for defending and creating jobs, takes place in Birmingham at 11am tomorrow, and union members from all over the UK are expected to take part.
Mr Jennison said: "The financial crisis people are facing isn't just down to the constantly depleting number of jobs - BT has just announced 15,000 more job losses and LDV still hasn't reached a solution - it's aided and abetted by the fact that those people who took steps to secure themselves against illness and unemployment are finding out that their policies aren't worth the paper they're written on.
"People have trusted the advice of commission-led salesmen in their bank who have mis-sold them Payment Protection Insurance so that should the unthinkable happen, their repayments are covered, and they're finding out that when push comes to shove, they're not. They're out of pocket and liable for the debt," he said.
Mr Jennison's opinions have once again been posted on You-Tube and have been spread through micro-blogging site Twitter.
"I know there has been some consternation in the banking camps about one of our own' condemning certain activities," said Mr Jennison, "but we've explained before how hard we've worked to make sure Secure Trust Bank is profitable yet ethical. We may be a smaller business but we're much stronger than our massive competitors - we are happy to be the David to their Goliath," he said.
The latest legislation states that people cannot take out PPI when they buy a product - this is good in that it reduces high-pressure selling, but it can't become an out of sight, out of mind situation where people then forget about something when they really need it. There has to be a fair solution. This really concerns me, I don't think it's right. People will forget, or they won't bother to head back and take out their policy, leaving them wide open when they need protection more than ever.
"Things have got to change. Policies need to be properly, fairly priced and people need to challenge their banks and providers to demand that. Again, we're likely to ruffle a lot of feathers by giving people food for thought on this but someone has to step up to the mark and do the right thing," he said.
Gary Jennison's attack on the fat cats can be viewed at: http://www.securetrustbank.com/press.htm
Follow him on Twitter at www.twitter.com/garyjennison
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SecureTrustBank uploaded a new video
(7 months ago)
Secure Trust Bank's Chief Executive Gary Jennison gives his opinion on the banking industry - asking the question - What should we do now with the ...
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Secure Trust Bank's Chief Executive Gary Jennison gives his opinion on the banking industry - asking the question - What should we do now with the banks?
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