Five key developments this week, summarised below...
The industry got a better idea of how the Financial Conduct Authority (FCA) will go about its business, including its intention to ban firms from marketing or distributing individual products where it identifies consumer detriment. Also on the regulatory front, Hector Sants ruled out any possibility of the FCA rewarding firms with lighter touch regulation for good behaviour. Pensions continued to dominate the headlines, whether it was the accusation from MPs that the Department for Work and Pensions reforms were a ‘train crash' or the strikes by public sector workers over the changes ...
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