MPs urged to give FSA time on RDR

David Lipsey, chairman of the Financial Services Consumer Panel (FSCP), has written to John McFall MP, chairman of the Treasury Select Committee, to outline his concerns. Speaking today, Lipsey says: “Good progress is being made by the FSA on developing a future system for financial advice which is free from commission bias – but it remains more important to get it right than to get it quickly. “The FSA must be confident that the impact of any changes will improve the situation for consumers and be workable by the industry.” Lipsey outlined five key issues within the RDR which the FSA ...