Reacting to the FSA’s proposals for “with profits”, Martin Shaw CEO of the Association of Financial Mutuals comments

Reacting to the FSA’s proposals for “with profits”, Martin Shaw CEO of the Association of Financial Mutuals comments

Reacting to the FSA’s proposals for “with profits”, Martin Shaw CEO of the Association of Financial Mutuals comments

We welcome the Regulator’s willingness to listen to the industry and we are pleased that the FSA has shown some flexibility on issues that are important to the Mutuals’ sector. Flexibility on matters such as new business thresholds will benefit our members – we will, of course, continue to work with the Regulator to ensure the Mutual voice is heard on these important industry matters.