MPs frustrated with RDR trade body grilling | News | Money Marketing
Of course people are scared of the FSA, it is the most powerful regulator on the planet.
Give a human being this power and he/she will abuse it, in this case by simply ignoring common sense, this applies in all cases were regulators control the regulated, take any business which has to adhere to ever more prescriptive regulations and you will find businessmen and their representative bodies who are fearful of 'inspectors' who can often be vindictive. IFAs suffer from the most onerous regulation in return for causing the least consumer detriment, is that fair and reasonable?
Is there balance?
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