Nick Plumb, IFA at Bright Financial Planning in Sudbury, says the FSA's actions could lead to disaster for advisers and consumers.
So, Hector Sants has revealed his real opinions of the IFA sector. In the words of a certain Mr Butler: he doesn't give a damn. Contrary to the opinions of the scaremongering and sensationalist popular press, the financial services industry is not populated by thieves, vagabonds and rogues. In my experience, the IFA sector in particular is generally staffed by very professional and ethical people who are highly qualified and who every day help hundreds of thousands of people to save and plan for their futures. Financial services must already surely be the most regulated and policed...
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