The Association of British Insurers (ABI) has said the Financial Services Authority's (FSA) stance on simplified advice means members are unlikely to develop propositions in the area.

COMPLAINTS

IN MEMORY

TWIN PEAKS

Historical success convincing consumers that advice is free could push many advisers out of the industry post-RDR, according to a Barclays director.

Advisers will develop their own ‘virtual' platforms to avoid losing margins along the distribution chain to life companies and other parties, Prudential UK's Barry O'Dwyer has predicted.

The Financial Services Authority (FSA) has publicly censured Cattles and its subsidiary Welcome Financial Services for publishing misleading information to investors about the credit quality of the latter's loan book.

A financial adviser has been fined £95,200 and banned by the Financial Services Authority (FSA) for knowingly submitting mortgage applications in his own name which contained false information.

Proposed changes to the Financial Services Compensation Scheme (FSCS), opening up eligibility to more parties, are likely to lead to increased compensation costs and higher levies.

The Financial Services Authority is set to provide final guidance on simplified advice this week.