... but current ‘Treating Customers Fairly’ (TCF) and compliance directives from the Financial Services Authority (FSA) are just great examples of the blind leading the blind or masters of the bleeding obvious.
And just to show how in touch the FSA is with the real world, it has appointed a new director. His qualifications? Previously an MP and lately heading a unit to look at one-parent family incomes.
We have all had to pass a lot of exams to be able to give advice – on what grounds is this potentially highly paid bureaucrat in a position to advise or tell our industry what to do? Looks like more paperwork en route to justify his salary.
Why not at least take on people with industry experience? Sorry no name – my network would never approve.
Anon
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