Consumer views not heard enough, say LibDems

UK consumers were never consulted enough about the Financial Services and Markets Act 2000, and the time has come to redress that balance in terms of the current debates on depolarisation, the Pensions Green Paper and other aspects of personal finance, says Vincent Gable, the Liberal Democrats spokesman on trade and industry. Referring to three areas in particular, Gable says that the Tory government in power when the changes introduced by the FSMA 2000 were first mooted were far to influenced by links to the City. Subsequently, the FSA has been found lacking in supporting the...