Regulation of FTO sales tactics
In most industries where there is a large investment on a salesperson’s promise, involving securities etc, there is some form of regulation...
Yet an FTO can sell you a course, take a bond from you and dump you on the market 15 months later with a ticking clock of a license with impunity.
I was recently in my bank in Windsor and happened to overhear a young woman asking about loans for flight training; a quick chat later I gleamed she was on an offer from CTC, thought Oxford was the best and didn't like to read pprune as its too negative, didn't know about CTC/Easy's large hold pool etc....
These are the same people who are now protected from being miss-sold PPI, Endowments, mortgages, pensions, insurance (life and other) etc etc.
Should we now add flight training?!?
iX