FSA, insurers and bankers subject of Govt petitions

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Unfair insurance administrative charges, excessive banker bonuses and mortgage rates that don't reflect the Bank of England's base rate are topics that most British consumers will discuss with zest over a pint in the local.

But the devastating financial crisis and ensuing recession has spurred these same Britons out of the pub and onto the No 10 Downing Street's website to vent their anger in a more serious forum. Demands made from the Government through petitions are far-ranging. There are modest requests for reforms of public sector pensions to be brought into line with the private sector, to calls for the abolishment of the FSA and proposals of an alternative Budget to resolve the country's financial woes. Yesterday, IFAonline.co.uk reported on a petition created by an independent mortgage adviser ...

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