Regulation

"The RDR would be laughable if it wasn't actually being inflicted upon us."

The FSA is contemplating a u-turn in how it supervises the retail market as retail MD Jon Pain says it will have an ‘open mind' on regulating products in the future.

The FSA has secured, for the first time, a bankruptcy order against a former mortgage broker for non-payment of a £129,000 penalty relating to fraud.

The FSA has banned Hornchurch-based mortgage broker Abdul Karim for submitting a mortgage application for himself that was based on false information about his income.

Following the FSA Mortgage Sector Conference last week, the Association of Mortgage Intermediaries (AMI) has launched a consultation paper on the future of mortgage regulation.

The FSA is considering an RDR-style review of the way mortgage brokers are remunerated, following concerns over commission bias.

The Association of Independent Financial Advisers (AIFA) and the Association of Mortgage Intermediaries (AMI) have called for a reduction in the financial demands proposed for intermediary firms, given their lower risk nature.

In light of the FSA's proposed regulatory fee increases for IFAs, do you think that advisers should have more input with the regulator on rules affecting their business? Should they be represented on the board?

The Association of IFAs (AIFA) says advisers must rally behind it against FSA proposals to raise its annual fees.

The Association of IFAs (AIFA) says advisers must rally behind it against FSA proposals to raise its annual fees.