Regulation

The Financial Services Authority (FSA) has successfully prosecuted a two-timing investment banker for insider dealing.

The Financial Services Consumer Panel (FSCP) has hit out at the Financial Services Authority (FSA) for a "record of procrastination", and has called on it to take immediate action against firms whose incentive schemes are to the "detriment of consumers"....

The Financial Services Authority (FSA) is to produce fewer and more concise consultation papers in an attempt to better connect with firms.

L&G has unveiled its plans for adviser charging post-RDR, which include facilitated adviser charging and the removal of commission.

RDR

Julie Hepworth

If an independent body is not appointed to monitor the regulator's performance, the Association of Professional Advisers (APFA) will take on the task itself, the body's chairman told members in a defiant speech last night.

The newly branded Association for Professional Financial Advisers (APFA) voted to accept restricted advisers at its annual general meeting (AGM) held yesterday.

The managing director of the Financial Services Authority (FSA), Martin Wheatley, last night congratulated advisers for retaining the trust of their clients, explaining this is the industry's "great strength."

The director of the Serious Fraud Office (SFO) has admitted the organisation has been suffering from "failure in quality" and needs to "up its game", the Telegraph reports.