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Industry responds to FSA&#39s report

The industry has largely endorsed the FSA&#39s update report “Building Financial Capability in the UK”.

The ABI has confirmed its dedication to improving people&#39s financial knowledge and IMA says aiding people&#39s understanding in investment is key to this strategy.

The AITC is also supportive of the FSA&#39s financial education strategy but warns that adequate resources and funding need to be dedicated to it, to ensure success. It hopes the Government ensures sufficient time in the classroom and the workplace to deliver appropriate consumer education and demands that the industry provide sufficient funding to the regulator to deliver it.

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“No, they should be better at doing what they do anyway.”Michael Jones,Michael Jones Independent Financial Services “No I really don&#39t think they should charge any more.I pay for the service already through my network.”George Love Financial Services,George Love “Absolutely not. IFAs are under pressure from all areas with regard to fees and charges and we […]

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