From the Editor: Do we need more committees?

Made up of representatives from the FSA, OFT and the ombudsman service, the CC had its first meeting last month. It was established as part of a strategy to “ensure there is effective and prompt redress for consumers when things go wrong”. The remit will be to identify emerging risks with the potential to cause “widespread detriment” and promote alignment between the participating bodies’ response. SIPPs and ETFs have already been earmarked as ‘emerging risks’ by the CC. In the minutes of its pilot meeting, the Committee highlights potential risks to consumers posed by a lack of kn...