Not fade away

One of the characteristics of a bureaucratic organisation is that they don't fade away and die they just get reinvented in a different guise, so for all those whooping and hollering about the demise of the FSA....don't it will be back with a different name. The faces at the top might change somewhat but that will be because those already 'in situ' will see this as a perfect opportunity to write themselves extremley generous severance payments/ terms that will make your blood boil all over again. The bonuses might stop but the severances will begin. The gravy train just keeps rolling on.

Posted by: stevo

Sants: RDR will go ahead as planned

Sants resignation should stand. Whoever accepted it should hold him to it. Just because he sees a potential extra pay-off he should not be given the opportunity milk the system any further.

Posted by: Disillusioned

Oh no it won't

RDR was conceived in a world far away from this one...

Posted by: Ken Durkin

Ruled by idiots

As long as we are ruled by idiots what do you expect. Regulation is now a massive industry in the UK but it is like a creeping weed that slowly kills off the valuable plants that actually produce something. Banks did not fail due to lack of regulation they failed because a poor Chancellor and Government could not see the over heating economy and easy credit which they could have done something about, they chose not too as it was producing too much revenue for them to waste.

Posted by: Michael Fallas

Hector's Plan

The most difficult thing in the UK is to rid the country of a civil servant once the post has been created. No one will admit the post created was a costly mistake.The current break up of the regulatory regime is right up Hector's street. Having been party to creating the costly leviathan we know and love as the FSA he will make sure most of the staff at Canary Wharfe will stay at the Consumer Protection Agency, paid for exclusivily by the IFA community. He will swan off back to the bank where he will be applauded for saving the banks from paying for his costly mistakes.

Posted by: David McMeekin

IFA bullying!

To whom can I make a serious complaint that I am being bullied out of my livelihood by the FSA and by forcing a degree level qualification on over 60s is tantamount to forcing me to retire early (or before I wanted to go)?

Posted by: Derek Vivian

RDR Qualification

My career in Financial Services of 30 years will be over on 31 December 2012 I wanted to make the decision when I retire but that decision has been taken from me. I have failed R01 4 times and apparently Im not the only one. The obscurity of the questions and answers is driving me mad. I work in a specialised area - annuities - but have to qualify in subjects that have no relavance to my specialisation Hopefully there will be a way to sue for discrimination against my age experience and speciality

Posted by: Lynda Powers