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Consumer Panel calls for more consumer representation on FSA board

The Financial Services Consumer Panel has called for greater consumer representation on the board of the FSA.

Consumer Panel acting chairman Adam Phillips has called for an improved voice on the board for the “ordinary consumer” in light of Sir James Crosby’s resignation yesterday.

Phillips says: “I made the point in my evidence to the Treasury Committee in December that the level of understanding of consumers and the consumer interest on the FSA board needed to be improved.

“The resignation of Sir James Crosby provides the ideal opportunity for the Treasury to appoint someone to the board who can do just that. The FSA board needs people who understand the industry, but also those who identify with the consumers that regulation is there to protect.”


Play it straight on means test

To succeed, personal accounts require the trust of the public and of employers. To gain that trust, the Government must be honest about what exactly these two groups are going to get for their money.

FSSC exam warning on RDR

The Financial Services Skills Council has warned advisers that current qualifications cannot be guaranteed to meet the new minimum requirements under the retail distribution review.

Super Saver proves positive

Having been in New Zealand now for nearly a week, I am finding much the same message in this nation to that emerging from Australia. Watching events on the other side of the world, it seems that nervous markets persist but buyers are still to be found as the FTSE 100 index approaches 4,000 or the Dow Jones Industrial Average heads towards 8,000. At least, that is how it was feeling at the middle of last week. I hope things do not alter too fast.


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