Hector Sants

SANTS DEPARTURE

Hector Sants is to quit the FSA in the summer, and will not become deputy governor of the Bank of England or CEO of the Prudential Regulation Authority.

The pick of this week's articles on IFAonline...

The deputy chairman of the Conservative Party has expressed concerns about Hector Sants' proposed appointment as the head of one of the Financial Services Authority's successor bodies, and hinted at more dissent from fellow Treasury Select Committee (TSC)...

An FSA promise to re-visit the absence of a time limit on complaints in financial services "seems to have slipped off the radar", according to MP Mark Garnier, who has pledged to take the regulator to task on the issue.

The pick of this week's articles on IFAonline...

Hector Sants, chief executive of the Financial Services Authority (FSA), said yesterday he was "talked into" applying for the most senior post at the regulator as he apologised for the failure of RBS.

Derek Bradley, CEO of PanaceaIFA.com, laments the FSA’s decision not to pre-approve financial products.

The financial services industry is awash with contentious issues and also has its fair share of big personalities with strong opinions - a toxic cocktail often fuelling debate and disagreement.

It's been another busy (and in some instances raucous) year in financial services. While it's been a positive 12 months in many respects for advisers, the regulator has again come in for criticism...