Tuesday, September 11, 2007

FSA wastes consumers money?

There have been 2 instances reported in the Financial Press of consumer watchdog the Financial Services Authority (FSA) wasting tax payers’ money.

Firstly New Model Adviser reported outgoing Chief Executive John Tiner has had 2 leaving parties costing £13 000, not bad for a man on £650 000 a year.

Secondly Money Marketing noted the FSA pays more than £13 million to external consultants.