Tiner warns transition period is over

Speaking at the FSA’s annual conference in Birmingham, chief executive John Tiner, stated that while he appreciated mortgage and general insurance firms, as well as those dealing with depolarisation, are at “different points in the learning curve, enough time has past for the transition period to be over.” And he warned the FSA “will be looking to all firms to deliver fair treatment,” to consumers. Tiner also said the FSA intends to carry out a review of retail distribution in the UK that will mainly focus on the financial advice sector, stating the FSA wants to “reach a collective under...