The FCA has been pushing the morality and ethical buttons with regard to anticipated adviser behaviours.
Additionally, chief executive Martin Wheatley has been at pains to distance the FCA from its unsavoury predecessor and promises changes.
Thus far, we have seen the misuse of other people’s money continue with the only change being a brazen indifference.
We have seen FCA accountancy errors distort the fee brackets in an irrational and arbitrary manner yet this is too messy to put right.
The regulator is never embarrassed by its actions and understands that, ultimately, it can do what the hell it likes because no body is able to force its hand.
The bulk of the MPs do not really care and it is up to the industry to say enough is enough.