Financial Services
Personal and business customers need to be protected with their financiers, this is the reason why there is a legislation taken out called ‘Financial Services Act 1986’. This is a recent regulation on UK companies. The ‘Financial Services Act 1986’ deal with acts, practices or course of conduct likely to defraud or deceive investors.
Only authorized investment businesses have a statutory right to advertise or promote the sales/purchase of investments. The reason why this legislation was taken out was because say for example, if an financial advisor gets commission on certain investments then he/she may advise investor on taking out wrong investments as they gain commission even if it mean the investor looses out on a lot of money. So therefore the investor must state all the possibilities in investing in certain investments.
Over the last few years ICT has developed a great deal. Within half a century, computers and information technology have changed the world and affected millions of lives in ways that no one could have anticipated. ICT is transforming the ways in which we learn, communicate, do business, enjoy out leisure and live our everyday lives. Nowadays whatever career we pursue knowledge of computer skills and concepts is likely to be essential. This is a way that shows that ICT has developed over the years and that is why ICT has a great impact on financial services. Financial services are important to people this day to make sure they have a security in their future. ICT has developed extremely that people can buy investments over the World Wide Web (Internet).