Asked ‘At 5 years of age, how would you rate the FSA's school report card?’ a staggering 72% of the 450 respondents replied ‘Don’t come back next term’, the worst rating available. A further 23% replied ‘Must try harder’, while only 1% replied ‘Shows promise’. One in 25 rated the regulator ‘Average’, and not a single vote was cast for ‘Top of the class’, in the instant poll conducted on the Marketing Innovation Forum website this week.
Derek McGuire, director of Marketing Innovation Forum, says ”Let’s be honest, these results are likely skewed by two things; the Mortgage Market Review, and the fact that those who aren’t happy are always more outspoken than those who are satisfied, or even indifferent. That said, the results remain overwhelming. Though regulating an industry isn’t a popularity contest, over 400 advisers took the time to criticise here, most sticking the proverbial boot in with the worst rating on offer. Seems there’s room for improvement, you could say.”
