Monday, October 23, 2006
RMIF concern over FSA review
The Retail Motor Industry Federation has voiced concern that the Financial Services Authority has identified a problem with the motor trade over payment protection insurance.
An FSA review claimed standards among dealers were still poor during the selling process. Matthew Carrington, RMIF chief executive, blamed part of the problem on the “complex and burdensome nature” of the FSA regulations.
He said: “The RMIF has been constantly urging the FSA to adopt a lighter touch. We hope that the current effectiveness review being conducted by the FSA will take note of our concerns.”
DATED: 23.10.06
FEED: MT
An FSA review claimed standards among dealers were still poor during the selling process. Matthew Carrington, RMIF chief executive, blamed part of the problem on the “complex and burdensome nature” of the FSA regulations.
He said: “The RMIF has been constantly urging the FSA to adopt a lighter touch. We hope that the current effectiveness review being conducted by the FSA will take note of our concerns.”
DATED: 23.10.06
FEED: MT
