The majority of advisers are pinning their hopes on the coalition government, rather than the FSA, to improve the financial services sector.
A survey of more than 500 of Tenet's adviser firms found 74% believe the planned restructure of the FSA will not lead to better industry or consumer outcomes. However, 65% were optimistic the change of government would have a positive effect on the long-term outlook for the sector, Keith Richards, distribution & development director at Tenet, says: "It's not surprising that, after recent activities and comment from a growing number of MPs, advisers are pinning their hopes on the change of government, rather than the restructuring of the regulator. "Regulation is essential but a mor...
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