FSA to scale down consultation papers

Speaking at the Tax Incentivised Savings Association conference, head of asset management Ed Harley, who will also hold a similar position at the Financial Conduct Authority (FCA), admitted the FSA had been "not been as good as getting message across as we would have liked". "One of the really important points about how regulation is going to change is that we want to be more open and accountable," he said. "We want to get out there to talk to firms." The FCA would also attempt to show a "clear link" between the fees advisers paid and services they received in return, he added. But...