FSA warns firms against depolarisation "inducements"

Details of the letter were released late yesterday, following FSA chief executive John Tiner’s presence in front of the Treasury Select Committee earlier this week, when he and chairman Callum McCarthy were questioned on various matters of mis-selling. Copies of the letter have been sent to most industry associations along with chief executives of all fund managers, banks, building societies and networks as well as all groups supervised by the FSA’s Major Retail Groups Division. “Our work with intermediaries and providers in the retail market suggests that a few firms, in preparing fo...