Got to love all the soundbites they use – stakeholder, engage, fair, unpin confidence. It is like listening to the old (new) Labour spin machines. Sounds impressive but actually means nothing.
The only answer for a credible compensation scheme is a product levy. Right now we have those who are doing the job right, by identifying and avoiding weak or questionable products/service providers, paying for a failed regulatory process that misses the problems in the first place.
Hardly credible or fair, especially when my clients are paying for this.