Woodall: friction between FSA and advisers 'as it should be'

In an exclusive interview with IFAonline, Woodall said it was inevitable that some friction would exist between entrepreneurial businesses and a regulator trying to ensure consumers are treated fairly. "There is underlying tension between the FSA and intermediaries, and there's meant to be," Woodall said. "This is as it should be.  "The tension comes from the fact that small firms are going to be entrepreneurial and fast moving. The regulator's job is to watch this and put the brakes on anything that is likely to cause consumer detriment. "This will inevitably cause friction becaus...