Financial Services Consumer Panel calls for better outcomes for customers in 'Understanding the protection gap' paper
The Financial Services Consumer Panel (FSCP) has called for the Money Advice Service (MAS) to widen its remit from generic advice to helping people "understand products" and "choosing a pension or a mortgage".
The Financial Services Consumer Panel has made six recommendations to ensure the incoming regulatory structure will be "smarter, faster and bolder" than the FSA.
The Financial Services Consumer Panel (FSCP) has told peers they should amend legislation to make it possible to publish warning notices against firms and individuals without consulting them.
The Financial Services Consumer Panel (FSCP) has urged the Money Advice Service (MAS) to expand its offerings and ‘push regulatory boundaries' in order to help to close the advice gap.
The Financial Services Consumer Panel (FSCP) said it is "unreasonable" to expect consumers to understand complex financial products and services.
The Financial Services Consumer Panel has called for the new Financial Conduct Authority (FCA) to be given full responsibility for the regulation of retail financial services, including consumer credit.