Nucleus chief executive David Ferguson has hit out at critics of the FSA's decision to delay publication of its RDR feedback statement, saying these companies would serve the industry better by questioning the practices of their own organisations.
Ferguson said he does not understand why the FSA has come under fire for putting back such a "massively important" piece of work by only a few weeks, given that it will shape the industry for at least two years. He commented: "Maybe the industry would progress at a rather more advanced pace if some of those same people expended half as much energy questioning their own organisations. "I am far more interested in answers to questions such as 'Why are so many IFAs still flogging insurance bonds with outrageous commission rates?' or 'When will the life and pensions sector finally start t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
