Sants quits: adviser reaction

SANTS DEPARTURE

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Advisers have been busy speculating on the impact of the departure of FSA CEO Hector Sants earlier today.

In a statement Sants said he was "proud" of the regulator for what it had achieved under his stewardship. Sam Caunt, company secretary at Kingston IFA, said: "I wish him well. It is very easy to criticise and there is a tendency among IFAs to make it personal; Sants has always been made out to be the 'bad boy'. "However I did not like his attitidue to the Treasury Select Committee (TSC) when he was not prepared to negotiate and showed arrogance and inflexibility. With or without Sants the RDR and the FSCS levies will continue." Brian Hill, managing director of Jones Hill, said: "Sa...

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