FSA investment head Smith quits for Dubai regulator

Peter Smith, the head of investment policy at the Financial Services Authority (FSA), is leaving the regulator in June to become director of policy at the Dubai regulator.

Peter Smith
Peter Smith

Smith joined the FSA at its inception from the Building Societies Commission.

He has led the regulator’s clampdown on the marketing of traded life settlement products to retail clients, including marketing within the context of financial advice.

Last month, Smith warned the growing traded life policy investments retail market poses a “significant” threat to consumers and said TLPIs and unregulated collective investment schemes should not generally be marketed to retail investors in the UK.