From the Editor: Spotted a churner? Mum's the word

That was the allegation levelled at the regulator in last week’s issue of Professional Adviser, in an article written by our anonymous ‘would-be whistleblower’. Andrew (not his real name) wrote that he had spoken to the FSA after suspecting an ex-colleague of churning pensions business, but was effectively told he would have to expose his business to FSA investigation first. No thanks, he replied. It’s not that he had anything to hide, he wrote, but that he felt he would effectively have to close his business for two months or more while the 
FSA investigated. “The regulator could ...