Blog: Will the FSA's product plans protect consumers?

The recent discussion paper on product intervention is basically a 75-page confession by the FSA of its many failings in the retail market.

Katrina Lloyd
clock

The recent discussion paper on product intervention is basically a 75-page confession by the FSA of its many failings in the retail market. But does it know how to put things right?

The FSA is right to bump up its supervision of product design, packaging and distribution at a much earlier stage than point of sale to an often bewildered consumer. Advisers have been calling for providers to face the same scrutiny as they do before a product is even offered to the market, and the FSA is surely right to talk about looking at the "whole of the product lifecycle from start to finish". However, already there are worrying gaps appearing. Even if we have much more supervision at an earlier stage of product design and then sale (advised or non-advised to the consumer), the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Female client focus 'vital' as great wealth transfer comes

Female client focus 'vital' as great wealth transfer comes

Intergenerational wealth planning importance

Professional Adviser
clock 06 February 2026 • 1 min read
Andrew Goodwin: Flipping the narrative on successful investing

Andrew Goodwin: Flipping the narrative on successful investing

'He's a pinball wizard, there has to be a twist'

Andrew Goodwin
clock 06 February 2026 • 4 min read
Paraplanners' confidence holding back progression

Paraplanners' confidence holding back progression

Aspiration and confidence gap over future career paths, SOTAN report finds

Isabel Baxter
clock 05 February 2026 • 3 min read