Treasury criticises 'inadequate' with-profits regs

By Nyree Stewart19 June 2008

[16:40 CEST 19-06] UK – The UK parliamentary Treasury Select Committee (TSC) has criticised the Financial Services Authority (FSA) for the "inadequacy" of the regulatory regime surrounding with-profits funds, and warned if the system is too complex the FSA needs to have a good argument why with-profits products should continue.