Move over Bailey: What advisers want from the new FCA head

FCA chief executive Andrew Bailey will stand down after four years at the regulator's helm to become Governor of the Bank of England. Informed Choice Chartered financial planner and new director of client education Martin Bamford accused Bailey of inadequately responding to events that hit the finance industry hard. "As head of the FCA, Andrew Bailey was asleep at the wheel during the British Steel pension scheme transfer scandal and when Neil Woodford invested his portfolio in illiquid assets. He led the regulator through a woefully inadequate response to the Royal Bank of Scotland's...