§ 17. Dr. CableTo ask the Chancellor of the Exchequer what response he has made to the Financial Services Authority's proposals to end polarisation in financial advice. [35760]
§ Ruth KellyI am pleased that the FSA have been able to take forward work on the polarisation regime by publishing consultation paper 121, setting out the options for reform. And I am sure there will be a lively debate about the FSA's proposals.
In principle, these proposals could represent a significant move in the direction of deregulation while maintaining and enhancing consumer protection. But they are of course subject to consultation and I would encourage all those with views to look at the consultation paper and supporting research reports, and let the FSA have their views by 19 April.