banking on it

no jon you are wrong, the rdr is not designed to improve standards it is designed to hand over power to the banks. Hector will be working in the bank before long.From his next ivory tower he will be able to say how well the rdr has achieved its purpose, which is to kill off as many IFAs as possible & make sure consumers are fed to the lions.

Posted by: LOL

chain of paper

generally i believe one main reason for the very existence of the fsa is the ever changing paper work new client agreements pension tranfers suitability ,new rules, changes to exams every year !, the only need for this is keep mainly ex civil servants -types in a job ie to chase the merry go round of paper to justify their high salaries and final salary schemes !when of course every other initiative they have had ends in disaster, stake holder,! deplorarisation and rdr

Posted by: keith lewis

Sants Dances Thread the Needle

Hector Sants is right not to renew his tenure of office in 2010. He was head of wholesale markets when Nichola Pease was a director of Northern Rock and her partner Crispin Odey was shorting bank shares in his hedge fund. Where is all this talk of his taking up residence at the B o E coming from? Worse than that, unless a big campaign is fought against it, he might end up at UKFI.

Posted by: Roland Baker