Saturday, June 27, 2009

BBC NEWS | Programmes | Moneybox | Watchdog will end commission bias

BBC NEWS | Programmes | Moneybox | Watchdog will end commission bias: "But Jon Pain, the director at the Financial Services Authority in charge of the retail distribution review that will introduce the changes, does not accept that fewer people will get advice.
'I don't think so - it will still give choice to consumers."

We are not the slightest bit interested in what Jon Pain 'thinks', we want hard evidence that this is not anti-competitive behaviour. We predict Mr Pain will be gone long before any damage is done to consumer choice so we implore the Financial Services Authority to listen to us and avoid any future difficulties.

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