FSCP calls on FSA to ensure TCF works for clients

In its annual report examining the key FSA policy developments for consumers from April 2007 to March 2008, the FSCP commended the FSA's compliance in reassessing areas of weakness in its regulation. However, it stresses that the regulator ensures that TCF delivers positive outcomes. Adam Phillips, vice chairman of the panel, commented: "The FSA has a crucial role in protecting consumers and we are pleased with its ongoing willingness to engage in debate and review areas where we have felt it is not performing particularly effectively. "The FSA has been at the forefront of some major ...