The Consumers' 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.”
