FSA urges financial sector to take more of the burden

The Financial Services Authority (FSA) has called on financial services companies and their consumers to take more responsibility for their long-term financial risks.

Despite predicting a more healthy economy in 2004, the Financial Risk Outlook 2004 highlights a number of shorter- and longer-term concerns for financial firms and their clients. These concerns include persistentlow inflation, which has contributed to the rise of consumer debt; the ageing population, meaning people will have to make

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