FSA may intervene on product pricing

Speaking at an FSA conference in Cambridge last night, chairman Lord Adair Turner questioned whether the market is dogged by "too much" innovation and products which have become too complex. He pointed to research suggesting given greater choice, consumers often "prefer not to act at all" for fear of making the wrong choice. "Should we be prepared to intervene on pricing, even at the expense of access to the market for some people?" Lord Turner asks. "Is there too much innovation in some markets, such that it is a barrier to consumers engaging with them effectively? Are some produc...