OUTSOURCED

The Financial Services Authority (FSA) has issued final guidance for firms using centralised investment propositions (CIPs), pointing out the requirements when outsourcing to a discretionary investment manager (DFM).

UCIS

An insurance broker has had her permissions to carry out regulated activities cancelled by the Financial Services Authority (FSA) on suspicions that her firm is being controlled or managed by others.

The chairman of the Financial Services Authority (FSA) has defended the current system of regulatory fees and levies for small firms, arguing they are proportionate to the size of the firm.

A former adviser at Dunedin Independent, which recently went into administration, has taken over its assets and client bank.

Manchester United is set to float onto the New York Stock Exchange, seeking to raise $100m in an IPO.

The Financial Services Authority (FSA) remains confident there will be a viable simplified advice market post-retail distribution review (RDR) implementation and has said it is already seeing well developed plans.

Tony Hobman has resigned from his position as chief executive of the Money Advice Service (MAS).

The Financial Services Authority (FSA) has said that advisers with Honister Group, which today entered administration, may have to wait a "number of months" before they can be re-authorised.