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Treasury select committee to meet with FSA to discuss effects of depolarisation

The Treasury select comm- ittee will meet the FSA early in the next Parliament, with the effects of depolarisation set to be a key issue for dis- cussion.

Labour MP Andrew Love, a new TSC member, says one of the first actions of the committee after the recess will be to meet the regulator to discuss issues including depolarisation and split-caps.

Some Westminster lobbyists say the committee is likely to call for a review of depolarisation, looking at how the new regime has worked, although Love says it is too early to confirm an official agenda.

The TSC will also continue its work on financial capability to see whether the work of the Government and FSA on financial education has been successful.

Love says: “A formal agenda has yet to be agreed, although we have an early meeting with the FSA which will cover issues such as depolarisation.”

Cicero Consulting direc- tor Iain Anderson says: “Depolarisation will be very high on the Treasury select committee agenda, looking at how the regime is progressing, whether there is a product bias because of the new ownership structures and if it is working in the best interests of the consumer.”

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