Editorial: Transparency, yes, but where's the trust in realistic reporting?

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The ABI and FSA have of late made much hay over commitments to transparency.

Such talk was unleashed by moves towards realistic reporting requirements, electronic reporting methods, and the ability of consumers and intermediaries to get a handle on the financial strength of with profit funds and providers. However, despite the commitment to improvements, there is still a question hanging in the air about the lack of focus on the need to restore trust among consumers who have been continually battered by stories of systemic failures. The FSA and ABI may exist only in the world of financial services, but consumers do not. Ergo, stories of misplaced trust invol...

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