Blog: Farewell Hector - advisers won't miss you

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Hector Sants's shock decision to quit the FSA at the end of June brings to an end a fractious eight-year relationship with financial advisers.

I suspect few will shed a tear. Sants has been at the helm of the regulator during the most turbulent time in the watchdog's history. It came under fire for its part in the downfall of banking giant RBS and the subsequent catastrophic economic fallout. He presided over the country's worst financial crisis in 80 years, the shockwaves of which are still felt today. But arguably he will be remembered most for his own brand of intensive supervision - something which has most rankled advisers. His infamous "be afraid, be very afraid" warning to the sector in 2009 was a watershed m...