Posted by: Pete | March 4, 2014

If the Regulator lost your money, read on…!

The best chance for any of us to get our money back is to raise public awareness about the inadequacies of regulation in the financial services industry, whilst pursuing or supporting the separate campaigns that relate to our individual circumstances. 

The number of failures clearly demonstrates that reform is needed but it won’t happen unless there is seen to be public demand.

For this reason, I intend to start an e-Petition that will require 100,000 signatures to be considered for a debate in the UK House of Commons.

I believe the public as a whole will share our concerns about the safety of savings and the importance of a regulatory regime that is professional, works on behalf of all savers, and is answerable through an independent complaints organisation.

In preparation for the petition, it is important to raise awareness as much as possible and that is why I have created a campaign on 38 Degrees. In order for the campaign to go viral it will need a lot of support. If you haven’t already done so, I urge you to vote for this campaign and ask as many of your friends and colleagues as possible to do the same. The e-petition will be worded more specifically about reform of the regulator in order to embrace the widest possible group but it will mention the impact of the regulators actions in November 2011 as one example of their failure. The outstanding requests for information from the FCA should be dealt with in the next few weeks and the responses will trigger the e-petition, as well as a further media campaign and lobbying of MPs; let’s not forget that next year is an election year in the UK!

If we all tweet, blog, facebook post, google +1, email or even talk (!) to as many people as possible, we might just get enough support to persuade 38 Degrees to run this as a campaign and they have a great track record of success when they do.  For all our sakes, please do your best! 

http://38degrees.uservoice.com/forums/78585-campaign-suggestions/suggestions/5570078-reform-of-uk-financial-services-regulation-to-prot

 

 

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Responses

  1. Reblogged this on Action Group For Life Settlement Fund Investors .

  2. There is no doubt that the FSA now FCA was formed in an attempt to distance the Treasury from any criticism regards the regulation of the financial sector. The treasury is so incompetent in the financial world that it can not even answer queries in a westminster debate without have a FCA representative to consult with.
    The regulation of financial matters by the FCA is non existent.


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