TSC vs FSA: Charging bias will still exist post-RDR, admits Sants

Responding to a TSC grilling in today's public evidence session on RDR, chief executive Hector Sants acknowledged the new system could still be subject to an element of bias.  Under the regime ushered in by RDR, Sants admitted different products could have different payment rates. "But this is still much improved from where we were,"said the FSA chief executive responding to a question from the committee.  Sants went on to describe himself as a "cautious regulator" and said he will never claim the regulator has a 100% success rate. Meanwhile, FSA director of conduct policy Sheil...