We Can All Learn From a Teenage Tale of Confusion

Summary


How very gratifying to learn in our special report on saving for children that the teenage daughter of John Tiner, chief executive of the Financial Services Authority, has absolutely no idea why she incurred a Pounds 25 penalty on her credit card.

Not, of course, because I would wish Ms Tiner, a university student, any unwelcome addition to the debt she may well build up for the privilege of studying for a degree.

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Extract


We Can All Learn From a Teenage Tale of Confusion

Nor, though I have had my criticisms of Tiner's FSA over the years, because I would want to see any family member of the City's most powerful watchdog humbled by the small print that lurks on one's credit...

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