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FSA and AIFA to launch placement scheme

Paul Rich, sector leader manager for retail intermediaries at the FSA says it will give the regulator first hand knowledge of what it is like to be a financial adviser.

Speaking at the Mortgage Strategy Live conference in Manchester, Paul Rich, sector retail manager for retail intermediaries at the FSA, says this will develop the depth and breadth of sector specific experience among FSA staff.

These staff will represent the regulator in its external dealings and review the coherence of the regulator&#39s requirements and policies.

And The FSA is currently in the process of employing 200 FSA enforcement officers to cope with regulation.

Rich says: “There is still more to come from the FSA. We have already had regional surgeries in Gloucester and Portsmouth, we will be re-launching our website, making further handbook improvements and simplifying the application packs.”

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