An FSA promise to re-visit the absence of a time limit on complaints in financial services "seems to have slipped off the radar", according to MP Mark Garnier, who has pledged to take the regulator to task on the issue.
Garnier was today named as one of the 20 individuals assigned to the Financial Services Bill Committee, which will scrutinise the legislation "line by line". Its first meeting is scheduled for 21 February. Alongside Harriett Baldwin MP, Garnier was instrumental in airing advisers' concerns about the Retail Distribution Review at a debate in the House of Commons in 2010. Shortly afterwards, during a Treasury Select Committee (TSC) hearing, FSA chief executive Hector Sants said he would re-visit the issue of the lack of a time bar - or 'long stop' on adviser complaints. Garnier said ...
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