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David Cameron had promised to abolish the Financial Services Authority, FSA, if he became Prime Minister but despite this vow the FSA remains the regulating authority for the financial services industry here. It is supposed to give protection to people receiving financial advice in the country. British expatriates can be subject to poor financial advice and [...]  The UK Financial Services Authority is looking at tightening regulations around their financial product sales in regards to the general public and considering making the task the responsibility of two different regulators. The ideas is that with closer supervision over financial products then there will be less risks and each product can be more accurately assessed [...] |
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