Criticism of FSA’s approved persons plan is overblown

While I have the greatest respect for Robert Sinclair and everyone at the AMI the suggestion that the FSA’s approved persons assessment could mean brokers with minor credit blips are excluded is overblown.

The FSA has always asked questions about credit histories and criminal convictions – including drink-driving – as part of its approved persons process.

But each case is treated on its merits. What is important is not the fact that someone has a County Court Judgement against them but the circumstances in which this occurred and how it was dealt with.

Provided brokers are honest in their applications and provide the regulator with all the relevant facts they should have nothing to fear.

Criticise the FSA, sure, but let’s not blow these things out of proportion.