Sants departure will not impact RDR - PFS

Vested interests

Cynical perhaps but what will the PFS/CII do with all of those textbooks if the RDR simply withers on the vine.

Posted by: Philip Melville

Anonymous

While he thinks that he has been top, most IFAs will think that he has been a bottom. I only hope that he can go without us having to pay for a leaving party in the way we have had to do so for his predecessors.

Posted by: John Douglass

Change & the RDR

Does the RDR have a life of its own or is somebody - Dan Waters, perhaps - pulling the strings. Whether Adair takes a more hands on approach or whether a new temporary replacement is shoe-horned in the industry needs to wake up and realise that the RDR is far from set in stone. Of course, if we all sit back and say, "Oh well, that's that then", it really will steamroller its way through.

Posted by: Alan Lakey

Alan Lakey

I agree with Alan' comments - why as an industry are we, the IFA population, so laid back in allowing the FSA to dictate to us all of our futures. I agree with implementing better standards (RDR) but at what cost to us and the public. Are their not other ways to achieve this - Why are we not fighting back and disagreeing in unison rather than letting the FSA just impliment what they want. When do we gEt a choice of what we want! Other professions would not let this happen to them - Dont let this happen to US!

Posted by: Neil Williams

No choice

Asking why we allow the FSA to crush independent advice is like asking why Poland let the Nazis invade in 1939. The bullys rule the playground and the school staff don't want to know.

Posted by: Stuart Duncan

Diplomat Speak?

Does Fay Goddard really believe what she is saying or is it just "diplomat speak"?. It is not just Hector Sants for whom we have little or no respect it is the organisation that he represents that appals us. Are we in for a bout of post Blair cronyism?

Posted by: David Yorke

"Between those it seeks to regulate"

Would it not be better for the regulater to improve communications between themselves, the public and consumers? Spend some more time asking us what is needed. The cause of most of the problems has been too cosy a relationship with those it seeks to regulate i.e. banks and insurance compannies particular. Far too many ex bankers.

Posted by: John Smyth

Shabby "leadership", cowardice and vested interests

So, Hector Sants has decided to leave the ship BEFORE it is torpedoed! His "oversight" of the FSA has been a history of mismanagement and pandering to the vested interests of the banks and building societies; has he any concept of the very poor service and advice which is routinely offered by those two sectors? Certainly a growing number of my own clients are realising just how mediocre and biased the advice on offer in the typical bank branch is likely to be, coupled with the very temporary presence of the "advisor" before he or she is moved on within the system, with no reference to customers - Treating Customers Fairly should take into account the needs of those clients, rather than the commercial aspirations of the banks and building societies. Has Hector Sants or any of his subordinates ever stopped to ponder on that issue? Methinks not.

Posted by: chris sellers