The FSA's decision not to name a number of life companies which it believes to be to be near to inso...
The FSA's decision not to name a number of life companies which it believes to be to be near to insolvency exposes an interesting tension between the FSA's role as consumer watchdog and its role in protecting the industry it regulates. In a statement last week to the Treasury Select Committee, FSA chairman Howard Davies, refused to name the 'small handful' of life offices the regulator believes face an uncertain financial future. This begs the question, what information do consumers, and their advisers, have a right to? There is a strong argument for the FSA, as the champion of consu...
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