TCF

Last week, the FSA (finally) produced guidance for firms considering launching a simplified advice proposition.

The Financial Services Authority (FSA) has fined Peterborough-based Rockingham Independent £35,000 and imposed partial bans on its directors and an adviser for exposing retirees to unsuitable advice.

A mortgage adviser has been banned from conducting regulated activities after he failed to hand over copies of client files ahead of an FSA review.

The Financial Ombudsman Service (FOS) this week published its latest complaints data for individual financial businesses. Here are some of the stand-out stats...

The Lloyds group of companies, including Bank of Scotland and Lloyds TSB Bank, received more than 200 complaints per day in the first half of 2011, according to data published by the Financial Ombudsman Service (FOS).

The FSA has pulled the plug on its series of regional TCF workshops due to regulatory reform.

Nomura International has been fined £1.75m for widespread systems and controls failings relating to its International Equity Derivatives (IED) business.

The FSA is threatening "follow-up action" against an IFA seeking to time-bar client complaints by including a 15-year long-stop in his terms of business (ToB) contracts.

IntelliFlo has launched a set of tools which allow pension and investment advisers to tailor financial plans for their clients' future.

The pension switching review has implications for the entire market including platform to platform re-registration, Skandia says