29th September 2009

Petition finalised

With more than a hundred very fast and positive replies and after some frantic phoning around and redrafting I believe we have a good consensus. Please be assured that I respect and am grateful for all responses, though obviously some were at odds with each other and I cannot possibly please everyone. The petition has now been sent to Downing Street for approval worded as below:

PETITION

We the undersigned petition the Prime Minister to exercise proper control over the senior management of the Financial Services Authority.

Whilst recognising that there are many competent, hard-working and well meaning people working for the FSA, by failing to properly regulate banks and other major financial institutions the FSA’s management has seriously harmed the financial well being of the UK population and now by over-regulating small businesses it threatens to make financial advice unaffordable to those people at the time they need it most. People need encouragement to save, not barriers.

We believe its current policies will prove disastrous to both businesses and consumers alike and we have no confidence in the FSA to regulate either competently or fairly under its current management.

With kind regards,
 
Neil F Liversidge
West Riding Personal Financial Solutions Ltd
Website www.wrpfs.com