FSA says “More intensive supervisory approaches are unavoidable”

Latest News - 6th August 2009

Promising to respond to people’s expectations that the FSA will be more forceful in pursuing enforcement against reckless or abusive practices which cause customers harm, the FSA is investing in more intensive supervision and more aggressive enforcement. *

A key area where the FSA is currently challenging firms is on the Suitability of Advice provided and the quality of the process used internally to make that judgement, particularly in the high risk areas of pension switches and draw-downs.

Our timely breakfast seminar combines specialist presentations with case-studies and discussion aimed at helping attendees to compare their current approach with regulatory expectations and good practice in other firms.

The complimentary seminar is on Thursday 2nd July in London. Please click here for an invitation and more detailed agenda. If this is a more suitable topic for a colleague, then please forward our e-mail to them.

Hoping to welcome you on 2nd July

* The link to the full speech is http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2009/0609_at.shtml