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The Financial Services Authority (FSA) has taken action against Ilford-based non-advisory business Baronworth Investment Services - and its chief executive Colin Jackson - for failing to ensure its direct-offer financial promotions were ‘fair, clear and...

An IFA is planning to raise with the Financial Services Authority (FSA) concerns he has that some closed fund companies are not treating customers fairly.

UNSUNG HERO

The Financial Services Authority (FSA) is advertising jobs for university graduates on a student website.

IFA consolidator, Bellpenny, has purchased four IFA businesses with combined funds under management in excess of £300m and more than 2,500 active clients.

The Financial Ombudsman Service (FOS) is set to ask the Financial Services Authority (FSA) to increase the amount it levies firms by £5.3m to £23m.

The Financial Ombudsman Service (FOS) is proposing to increase the individual fee for firms who have complaints against them from £500 to £550 per case, but will also up the number of 'free' cases to 25.

The Financial Ombudsman Service (FOS) has said the number of complaints it has received about investments has increased by a third this financial year.

INNOVATION

So, 31 December - and the implementation of the RDR changes - came, and went, and not a lot happened at all. It was a bit like that Mayan thing, though the predictions were a little less apocalyptic. But only just.