Outlook: FSA rules
Saturday 14 August 1999
The pickle into which United Assurance has got itself into is no doubt at least partly of its own making. But Alan Frost, the chief executive, has a point when he says that in the real world, where companies have to make money or go out of business, the cost of compliance with an ever more onerous FSA selling regime is forcing it to abandon the traditional door-to-door collections which for many in the sink estates is the only genuine opportunity to save. This is not an isolated phenomenon. Ian Harley, the chief executive at Abbey National, recently pointed out that its desire to make buying financial services products simpler and more straightforward for customers was frequently being frustrated by waves upon waves of rules about what customers have to be told before they can sign on the dotted line. I
Industry insiders have likened the regime to a customer walking into a shoe shop and asking for carpet slippers only to be told to sit down for two hours and answer a questionnaire so that their current footwear needs can be properly assessed. Decision trees which are the latest FSA fad may be good for hanging management consultants on but they aren't going to make granny stop stuffing her fivers under a mattress.
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 The secret report that helps Israelis to hide facts
- 3 Danish TV reporter is all business up top, all party down below
- 4 Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
- 5 Businessman charged £75 for three small bottles of water in London hotel
Danish TV reporter is all business up top, all party down below
Israel-Gaza conflict: President Obama presses Netanyahu to call ‘immediate and unconditional’ Gaza ceasefire
Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
Zayn Malik on Israel-Gaza: One Direction singer bombarded with Twitter death threats after posting #FreePalestine
MH17 crash: Black boxes show plane suffered 'massive explosive decompression' following shrapnel hit
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
iJobs Money & Business
Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)
£350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...
£500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...
£350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...
£26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...