Making sense of consultations

It is hard to see how good-quality responses can result from the current consultations on various subjects being made by the Government and the FSA, given their range and depth. The LIA, like everyone else, is struggling with this, but my take on the current situation is to look at the general effect of what is being proposed. We should look at how it sits together and how we can make this relate to the long-term benefit to consumers and financial advisers. Taking first the training and competence regime, I see in CP 157 an attempt to create a new structure that, on the face of i...