Regulation

The Financial Services Authority (FSA) was aware of the mis-selling of payment protection insurance (PPI) as long ago as 2005 but was hampered from reacting adequately due to flaws in its regulatory approach, Martin Wheatley has admitted.

UCIS ADVICE

The Financial Planning Standards Board (FPSB) has named Barry Horner as its board chairman of the FPSB council for 2014.

Concerns about advisers piling into commission-paying products ahead of the Retail Distribution Review (RDR) have proven unfounded, according to the experience of one provider.

Most clients go to an adviser primarily for practical reasons but many value the emotional reassurance the process brings them, research from Standard Life has found.

With the RDR coming into force at the end of this year, the distribution model of the long-term savings industry is undergoing a radical transformation. Newcomers are entering the market whilst the adviser market is shrinking. Product providers are...

The test of the Financial Conduct Authority (FCA) will be whether it prevents toxic products from entering the market, Consumer Focus has said.

The Financial Conduct Authority (FCA) offers a "huge opportunity" for the regulator and businesses to start afresh, Martin Wheatley has said.

The Financial Conduct Authority (FCA) should establish "clear and measurable" objectives to make it more accountable, the Association of Independent Financial Advisers (AIFA) has said.

The Financial Conduct Authority (FCA) has said it will improve communication with firms and be clearer about what it expects.