The Treasury Committee has accused the FSA of not doing enough to tackle the bank bonus culture.
John McFall is to step down as chairman of the Treasury Select Committee at the next election, reports suggest.
UK financial services may need to review its business model as the savings sector is regarded as a "middle-classed market", suggest panellists attending a Labour Party Conference fringe meeting.
Comments made by John McFall, in the House of Commons last week, on the problems with a commission-based model has provoked a flurry of responses from IFAs.