From the Editor: Could IFAs influence the new regulator?

One of the more interesting proposals promises new powers for consumer groups, which will be able to force regulators to investigate complaints of mass mis-selling of financial products when the Financial Conduct Authority (FCA) takes over in 2013. Coupled with plans to allow the regulator to intervene much earlier in product design, the aim is for problems to be nipped in the bud. If there are issues, then consumer groups will be able to act quickly to notify consumers of the problems and redress should be much faster. It is to be hoped the plans will prevent the likes of mass mis...