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CA warns FSA on lighter touch regulation

The Consumers’ Association says the FSA&#39s proposals for lighter touch regulation must include suitable regulatory protection.

The CA is warning the regulator that its proposals for face-to-face and telephone selling of a simplified suite of investment products must not lead to another misselling scandal.

Consumers&#39 Association public affairs officer Delroy Corinaldi says:”Each option put forward by the FSA today must be judged against whether consumers will be faced with another mis-selling scandal in the future, as there is scope for mis-selling Sandler products just like any other.

“Sandler&#39s proposal for a lighter-touch regulated sales process for stakeholder products will not prevent mis-selling. The FSA must grasp the opportunity to put in place a suitable and appropriate sales regime.”


FSA publishes Sandler sales options

The FSA has published three possible options for the new sales regimes to accompany the Sandler suite of stakeholder products, none of which include full-blown advice.Of the three options, the FSA favours the second, an approach led by filtered questions, but says it is eager to consult with the industry to gauge its opinion.There is […]

Sedgwick offers online calculators

Sedgwick Independent Financial Consultants is offering an online package to help people complete their self-assessment in time for the January 31 Inland Revenue deadline.The online calculator at includes specific calculators to assess pension savings and possible future long term care costs. It takes into account total income from state pension, benefits, private pension and […]

Bristol & West – 1 Plus Bond

Friday, 3 January 2003 Type: High interest account Minimum-maximum investment: £5,000-£1m Interest rate: 4.1% gross a year, 4.01% gross a month Term: 15 months Offer period: Until further notice Withdrawal penalties: No withdrawals permitted during term Tel: 0808 181 1111

Three year discount at 4.15 per cent from Derbyshire

Derbyshire Building Society is launching a fee-free remortgage product offering a three-year discount of 1.54 per cent off its standard variable rate, currently 5.69 per cent, giving a payment rate of 4.15 per cent.Borrowers can repay up to 20 per cent of their capital each year on the product that is available for loans up […]


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