I was very pleased to read the following article. http://www.moneymarketing.co.uk/politics/mps-call-for-tougher-enforcement-action-from-regulators/1059886.article I would go further to say that the FSA’s culture of shirking responsibility needs to be exposed for their personal failure. The inadequate underperformers need to be excluded from joining the new FCA or PRA. If the same people with the same defective culture continue to regulate the industry it is doomed to fail to improve. A good change to make would be to hold the Banks in particular to the same standards to which Independent Financial Advisors are held.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
