FSSC to consult on T&C endorsements

It follows the Financial Services Authority's (FSA) consultation paper on the T&C sourcebook last month, in which the regulator suggested the quality of advice delivered to retail consumers is not good enough to warrant removing all prescriptive rules of the T&C regime. The FSSC is considering an endorsement of T&C schemes as a potential FSA-recognised industry solution to meet the principles-based approach to regulation. It says the scheme could be combined with a new FSSC endorsement of in-house exams and relevant qualifications from its appropriate exams list. If the proposed scheme...