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Regulation

Regulation

FOS operations director quits; £140k replacement sought

The head of operations at the Financial Ombudsman Service has left amid concerns of high staff turnover at the organisation, which is now seeking a replacement for the £140,000 a year role.

clock 18 November 2011 •

Regulation

PRA chief sets out future vision for insurance

Julian Adams, director of the Financial Services Authority's (FSA) insurance division and soon to be in role at the Prudential Regulation Authority (PRA), has moved to address concerns that the new regulator would be overseeing the banking and insurance...

clock 10 November 2011 •

Regulation

Martin Lewis tells PM: Force financial education in schools

MoneySavingExpert's Martin Lewis has written an open letter to Prime Minister David Cameron urging him to push through compulsory financial education in schools.

clock 01 November 2011 •

Regulation

FSA and OFT publish landmark guidance on designing PPI

The FSA and the OFT are consulting on guidance to firms in relation to payment protection products - the first time the FSA has become involved in the design of a specific product.

clock 01 November 2011 •

Service

Insurance firm director banned for allowing £1.4m fraud

An insurance director banned and fined by the the Financial Services Authority (FSA) for allowing a £1.43m fraud which ended up bankrupting his company has had his appeal refused at the Upper Tribunal.

clock 01 November 2011 •

Regulation

FSA catches banks in new mis-selling scandal

High street banks are in the sights of the FSA over concerns fee-based current accounts costing up to £300 a year are being mis-sold to millions of customers.

clock 26 October 2011 •

PMI

FSA workload delays Simplyhealth purchase of Groupama

Simplyhealth's purchase of Groupama has been delayed due to the volume of work currently being imposed upon the FSA and legal system.

clock 25 October 2011 •

Regulation

Lord Turner: Last 20 years punctuated with 'waves of mis-selling'

The chairman of the Financial Services Authority (FSA) has suggested Parliament will have to give the Financial Conduct Authority (FCA), one of its successor bodies, even greater powers to protect consumers.

clock 21 October 2011 •

Term Assurance

Health and protection disputes jump steeply

Protection and health insurance complaints to the Financial Ombudsman Service (FOS) leapt sharply in the second three months of the year.

clock 18 October 2011 •

Regulation

Regulation could drive mutuals 'out of existence' - Exeter

Smaller mutual societies could disappear due to the increasing burden of regulatory costs, Exeter Family Friendly has warned.

clock 17 October 2011 •
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