FSA should focus on 'good' in industry - SII

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IN its response to the RDR, the Securities & Investment Institute pointed to the many examples of good practice in the industry which it claimed the FSA could adopt in order to retain the public's trust.

Simon Culhane, chief executive of the SII, voiced support for the FSA's central aim; a universal solution to ensure that all customers have access to a service with transparent pricing that is appropriate to the individual's needs and delivered efficiently by a practitioner who adheres to high standards of integrity and ethics. Ruth Martin, managing director of the SII, attributed the retail investment management industry's significant growth in both client numbers and assets under management to the fact that firms place great emphasis on building and establishing trust. Therefore their...

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