Blog: Why do firms ignore FSA warnings?

While it is often huge fines which make the headlines, we have seen little of the remedial work the FSA carries out behind closed doors. A series of recent fines and today's update on pension switching have shown firms that don't live up to the FSA's expectations often fail to improve matters, even once the regulator has intervened. Of the worst-performing firms in it original review - the 25% who provide unsuitable advice in 33% or more of their pension transfer cases - there has been "little or no" improvement over 18 months later, the FSA said.. Of the 22 firms selected for a re...