FSA Consumer Panel rejects Sandler suite proposals

Professional Adviser
clock

A huge stick has been thrown in the wheel of the FSA's plans to develop rules for the manufacture an...

A huge stick has been thrown in the wheel of the FSA's plans to develop rules for the manufacture and sales of simplified products by its own Consumer Panel, which has rejected outright all the proposals contained in Discussion Paper 19. The panel says that the simplified products would not meet demands of low- to middle-income earners, and as they stand would put IFAs in real danger of being accused of mis-selling because of the relaxation of rules designed to protect consumers. Because of the panel's statutory position, the FSA must now put in writing its reasons for reject...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •