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Comments
Depressing
After 25 years of regulation it is depressing to see such fundamental errors being reported. If the allegations are true, then it reflects badly on all Advisers. However, if the basic changes haven't occurred after 25 years I don't anticipate that RDR will make any difference, other than to move Advisers up market were the pickings are richer - and the howls of anger are greater. Of equal importance is the lack of dimension on this report. Does this apply to 2 or 3 firms and £50,000; or to 200 or 300 firms and millions of £s. As always a headline makes a good story, but is it reporting or just muck raking. It wouldn't surprise me at this time to find that the FSA are over-egging the problem in order to inflate their own importance.
Posted by: Glen McKeown
Sick and tired of FSA
Fed up to the back teeth with their media rant. Why don't they just go back and review their very own mistakes as there is plenty to do and then they may sack themselves and we could all live happily ever after!
Posted by: Incompetent Regulators Awards Team