From the Editor: Can we create a better world for retail clients?

Firstly, advisers had to get their heads around a particularly hefty piece of work from the FSA on product intervention. This was 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? Undoubtedly, 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. 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 no...