It’s only a review of enforcement processes at present, but it’s a start. And it’s an indication of Chancellor George Osborne’s discontent with the maverick practices of the regulator.
Pressure must be maintained to force further reforms of the FCA and bring an end to their unprofessional conduct. Although not directly addressing the concerns of savers, the timing of this Treasury review can only be helpful to the claims of all who have suffered as a result of their incompetence. The full text of the ‘FundWeb’ news article can be seen here: Chancellor begins to act!
And please remember to tell your friends, family, colleagues and especially any IFAs about the petition – http://epetitions.direct.gov.uk/petitions/63482
Action Group For Life Settlement Fund Investors 