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The magazine is heavily focused on our Better Business section, which supports advisers in the run-up to RDR and beyond, and Investment.
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what do the FSA know
what do the FSA know, if they were so wise we wouldn't be in the financial mess we are in, they are great at changing the rules after an event, how many of them have even given financial advice Everyone knows that the cheapest way to raise capital is through a mortgage as ultimately the lender has the property as security, if this avenue is closed to consumers and they still need to borrow from somewhere eg credit cards, personal loans etc, how is paying 15% on a credit card or loan against 4% on a mortgage going to help their affordability situation Ultimately it is the borrowers responsibility to ensure what they borrow they can pay back , at the moment alcohol is freely available to adults, some people can't handle it and become alcoholics, does that mean that the drinks industry is under an obligation to ensure that before anyone buys alcohol, they have to ensure they won't become alcoholics - of course not; it would be a nonsense to do so, but this is exactly what the FSA is proposing with mortgages, i want to know why they think they know more about the industry than the people who actually work in it
Posted by: mr amreek sachdev