Lenders no more likely to mis-sell than brokers - FSA

In response to IFAonline’s open letter to the FSA calling for change on dual-pricing, Sants says the regulator does not have “any compelling evidence” to suggest consumers are more likely to be mis-sold a product by going direct to a lender. His comments are likely to infuriate brokers, who have inundated IFAonline in recent weeks with concerns about the possible negative effects direct sales could have on consumers. Elsewhere in his response, Sants suggests the FSA will not change its tack on the issue of dual-pricing, meaning it will not ban the practice nor will it compel lenders to pr...