Saturday, June 18, 2005

Financial groups support Blair's attack on regulator


Financial trade bodies have backed Prime Minister Tony Blair's claim that the Financial Services Authority was 'hugely inhibiting of efficient business'.

The Association of Independent Financial advisers said FSA rules forced its members to supply clients with four different documents before even opening a conversation, followed by more than 12 pages if they want to make a sale that complies with the regulator's rules.

See full Article.