What will the financial services sector be like when the regulator can ban products and suspend their sale for up to 12 months, Lawrence Gosling asks.
Well frightening to my mind - because suddenly it makes financial services products sound as though they are infected with radiation or can give investors the equivalent of monetary salmonella. In a survey of 530 people who attended the recent Chartered Institute for Securities & Investment's RDR roadshow around the country, 72% reckon the regulator should be able to do this. But do they really know what they are saying? The CISI members were asked 'Do you agree that the UK Regulator should be given powers to ban retail products?', against a backdrop that the new Financial Conduct Aut...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
