FSA officials shown IFA discontent for CP121

Advisers have accused FSA officials of presenting proposals in CP121 which run counter to its own research, suggesting there is strong consumer support for independent financial advice. John Tiner, managing director of consumer, investment and insurance directorate at the FSA, got a cool reception from intermediaries during questions about his speech on CP121, plans for the reform of polarisation and other issues when he spoke at the LIA conference in London today. His speech was designed to explain how the FSA was trying to rebalance what it saw as aspects which run counter to its...