The Consumers' Association has launched a scathing attack on the Financial Services Authority for fa...
The Consumers' Association has launched a scathing attack on the Financial Services Authority for failing to improve financial conditions and understanding for consumers, adding it was now up to IFAs to "do the work of the FSA". Speaking at the Standard Life With-Profits Review conference this morning, Mick McAteer, senior policy adviser at the Consumers' Association, accused larger shareholder-owned life insurers of using with-profits funds to boost its shareholders returns and financial position, intimating that it was only intermediaries who could now persuade life insurers to change...
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