Industry figures question Conservative's FSA plans questioned

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Senior industry figures have questioned Conservative plans to transfer regulatory powers from the FSA to either the Bank of England (BoE) or a new consumer protection body.

While the FSA is oft-maligned by IFAs, it appears there is some sympathy growing towards it. Peter Chadborn, principal at CBK (Colchester), believes its initiatives are well intended with consumers’ interest at heart, but the outcomes often fall short. He said: “I am not convinced, however, that the BoE offers a more effective alternative to the FSA. I think the FSA does have an appetite to understand what needs to be done to improve consumer experiences when engaging with the financial services industry, and I understand from those who have engaged with them that their industry un...

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