The FSA is big on whistleblowing, or so it claims. But these adviser testimonies suggest the regulator is rather letting the industry down, writes Laura Miller.
In November, Professional Adviser revealed how an IFA company director tried five years ago to stop wrongdoing in his industry and was shocked by the reaction he received from life companies and the FSA. Testimonies volunteered by IFAs in the months that followed point to ongoing regulatory failings and a widespread culture of don’t ask, don’t tell....
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