There is sweet irony here... 

I was intrigued to come across a piece in Professional Adviser, reporting the demise of one of the UK's largest claims management firms, Rebus.

For those whose familiarity with that name is linked more to the detective novels of Ian Rankin, or think that it may be a verb describing a new phase in a travel itinerary, using public transport, let me say that the word 'rebus' refers to a puzzle where a word or phrase is represented by pictures or symbols.  In short, 'rebus' is an allusional device where one thing is represented by another.

I don't think I am pressing the irony too far when I conclude that this firm was most appropriately named, given its high-profile failure, owing large amounts of money to disappointed claimants, as well as crowd-funders.  Indeed, 'Rebus' seems a most apposite allusion to everything that is unsustainable and opportunistic about financial markets, and therefore - ultimately - doomed to disappointment.

I cannot say that I rejoice in the knowledge that people may have lost money, especially as some of them might actually have had legitimate claims (although experience indicates that such people are a distinct minority, compared with the multitudes of spurious claimants that the new welfare market has spawned).  And, clearly, I am not exactly suffused with enthusiasm for the inevitable glut of FSCS payouts that will now ensue, given the inevitable impact that will have upon our regulatory fees and levies.

These days, I take what comfort and satisfaction I can from the news.  This article triggered a smile.  Just a little one.

Kevin Moss, 04/02/2016