FSA 'dissatisfied' with Money Advice Service accountability

Minutes of the board's June meeting show the issue was raised when discussing FSA chairman Lord Turner's recent (20 June) appearance before the Treasury Select Committee (TSC). "The Board continued to be dissatisfied with the accountability arrangements and requested that this be discussed at the July Board," the minutes recount. During the meeting, it was also agreed that the chair and CEO of the MAS, Gerard Lemos and Tony Hobman respectively, would attend the July meeting of the board. Once it had received the MAS's annual report assessing the service's achievements against speci...