Wednesday, 20 February 2013
WIA (Wine Investment Association): a cold callers' charter
WIA: currently not fit for purpose or investors' support
Post on my investdrinks blog here explaining why I can no longer support the Wine Association Initiative as it supports cold calling for investment purposes. This is contrary to the very clear view expressed by the FSA (Financial Services Authority). It is evident that if wine investment involving the buying of individual cases of wine by individual investors was regulated, cold calling as defined by the WIA would certainly be banned.
I would not consider buying from any company that signed up to the WIA Code of Conduct as it currently stands.