Gov't actuary raps FSA knuckles - papers 28 June

He says fines imposed for endowments mis-selling have been wron, but also criticised the previous Conservative government over its handling of pensions mis-selling. Daykin also reserves comment for consumers, noting that "the imposition of fines and compensation payments simply imposes costs on other policyholders and undermines acceptance of personal responsibility for investment choices." Allowing consumers to build up dangerous levels of personal debt is another problem government should be criticised for, he adds. The Daily Telegraph notes Daykin’s department was criticised in ...