“The main problem with Lord Turner which was confirmed in the Prospect interview was that he is just “not fit for purpose”. Instead of a cool appraisal, a Helicopter view if you like, all we got was someone playing at political messages and not getting to the heart of the matter.

This is no surprise following his work on UK Pension Provision where whether because of his ignorance of the subject or a lack of backbone in standing up to Brown, his report was very poor indeed and not worth even an “A” Level. I don’t think this man has what it takes to take on these type of important public roles and should certainly be replaced as the Chair of the FSA. He should not however be replaced with yet another “place man”, time for some real talent, intellectual independence and clarity of vision, in short someone up to the job.”