Davy welcomes Tory plans to scrap FSA; Repeats calls to delay RDR

He also says the Tory proposals, unveiled today, put the spotlight on FSA initiatives such as the RDR and he repeated his plea for the new regime to be delayed to enable the impact on consumers to be properly assessed. Davy says: “The announcement that the Conservatives propose to abolish the FSA is a welcome breath of fresh thinking which I believe will benefit commerce and consumers as well as the whole of the financial sector. “Ironically this is not because of the abolition of the FSA itself but rather the much clearer focus the new structure will bring to the issues of financial ...