Savings industry must rebuild trust and the FSA's proposals are a start - Telegraph: "But consumers need to feel they can trust the savings business, and that has not been the case for many years."
Clients do trust their Independent Financial Advisers, the facts speak for themselves with 80% of the distribution and 3% of complaints of which only 30% are actually upheld. This review is anti-competitive and fails to address the problems associated with target driven direct sales which generate the vast majority of complaints. The regulators are bankers and predictably biased towards their banking friends.
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