Will tougher protection restore trust in the financial services industry?
The head of the Financial Services Authority has announced new measures to protect customers taking out mortgages, pensions and investments. Will this make you feel safer buying these products?
Chief Executive Hector Sants wants the regulator to stop risky products being sold, rather than just offering compensation to consumers after the damage has been done.
There have been a number of mis-selling scandals in recent years, involving products such as personal pensions and endowment policies.
Would knowing a product has been approved by the FSA give you peace of mind? Do you think this change in the FSA's role will restore trust in the financial services industry? Or do you think more needs to be done to protect consumers? Were you the victim of mis-selling?
This debate has now been closed. Thank you for your comments.