We round up the best tweets as the Treasury Select Committee grills Hector Sants and Sheila Nicoll of the FSA.
Sants got away without addressing any of the big questions. Insane.
Advisers have known for years that they need to 'do the exams ' - many simply chose not to
Richard Allum (on using trust to measure the RDR's success)
How is he going to measure that?
Great Chart (on 40% of consumers not trusting advice they get)
That wouldn't be the same 40% that get their advice from the banks would it?
I can see the 'nay' argument, but there comes a time when we just have to get on with it. I just want clarity.
Fascinating that although most IFAs agree time should be logged to justify fees, very few actually do it
My summary of #TSCvsFSA: The FSA has to sit there & listen to the TSC, but can completely ignore them if it likes.
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Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till