I must work in a different industry

I must confess to being very removed from the industry at that point and whilst I am sure the comments made were intended to focus the FSA on certain points they in no way dealt with the real issues we should be dealing with. For years we have lived in a blame culture and the FSA has had to be involved in that using the appropriate measures. I listened to the speech and at the end firmly believed that I worked in a different industry and had a completely different relationship with the regulator. You see the industry regulator has one job – to control risk. It isn’t to promote IFAs or th...