Dear Mr Sants, I am writing to you on behalf of the huge number of IFAonline.co.uk readers who believe the FSA's response to the issue of dual-pricing has been insufficient and are calling for urgent further action.
Since Stuart Duncan wrote to you on 11 May, we have received an unprecedented response from mortgage brokers and IFAs (including around 40 written responses) who agree the prevalence of dual-pricing is having an adverse impact on consumers, and risks discrediting the FSA’s principles-based approach to regulation. I am sure you are well aware of the problems facing mortgage broker businesses across the UK and our readers do not expect the FSA to shield them from the effects of the credit crunch, which has of course damaged lending businesses also. However, we do believe the FSA could do mo...
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