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Consumers&#39 Association warns of flawed and dangerous strategy

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The Consumers&#39 Association warns that the FSA proposal to reduce consumer protection will invite mis-selling and destroy consumer confidence in saving for the future.

CA warns that selling stakeholder products through a basic advice process is a flawed and dangerous strategy.

CA principal policy advisor Mick McAteer says: “The FSA seems to have chosen to address the long-term savings crisis with an approach that rewards an inefficient industry by stripping it of any responsibility for its actions.”

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