Angry FSCP members hit back at Lipsey claims

Members say they have been misrepresented by Lipsey, who accused them of refusing a more active role in protecting consumers following his resignation last week. Advisers will be dismayed to hear of the level of infighting at the panel which they pay for through FSA fees. The FSA announced Lipsey's exit on 28 November saying it and other FSCP members disagreed with the Labour peer's vision for the future of the panel. But FSCP member Tony Hetherington says expanding the panel's role and increasing its budget had never been discussed, and criticised Lipsey for his stand-off approach....