Market Views

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Do you think the FSA gives value for money, or would Conservative plans to transfer its powers to the Bank of England be a reasonable course of action?

Phil Jeynes, Direct Life and Pensions Looking at the FSA from the stance of a protection insurance specialist, it is very difficult to say whether or not we get value for money from our regulator. The cost of being regulated is of course not broken down, and protection specific legislation has in the past been fairly thin on the ground. I’m not convinced that the future is all that clear either, with a greater degree of clarity needed around how protection distributors should present themselves to consumers. The Conservatives’ stated aim of handing regulatory power to the Bank of Eng...

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