Maybe now the FSA will sit up and take notice of the Treasury Select Committee (TSC)...
Ever since MPs started taking serious notice of the Retail Distribution Review (RDR) about one year ago, there has been plenty of gentle sparring over the issue. During last year's RDR debates at Westminster, Mark Hoban almost nonchalantly dismissed the concerns of a number of MPs, while the early TSC sessions showed the FSA, and Hector Sants, in usual bullish form. Meanwhile, several backbench MPs who had clearly listened to the concerns of IFAs and constituents, showed glimpses of despair and annoyance. But, generally, things remained civil. However, today's letter from TSC chair...
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