Regulation

DOUBLING-UP

THE SPECIAL ONE

The Financial Services Authority (FSA) board has expressed concerns about the accountability of the Money Advice Service (MAS).

Conservative MP Mark Garnier has expressed frustration at the confusion over whether it is politicians or regulators who are responsible for determining if the financial advice industry re-introduces a long-stop on complaints.

Sandringham Financial Partners, the national restricted advisory business set up by Ken Davy and Steve Braidford, has appointed a compliance director.

The Financial Ombudsman Service (FOS) is set to move ahead with plans to allow most businesses to fight up to 25 cases per year without having to pay case fees, following support from the industry.

Auto-enrolment may not be sufficient to fund people's retirement so investors should supplement their saving in alternative ways, advisory group AWD Chase De Vere has said.

The Ministry of Justice (MoJ) is proposing to reduce the length of time it takes to process applications to register a lasting power of attorney (LPA).

The Financial Ombudsman Service (FOS) has rejected calls from industry stakeholders for claims management companies (CMCs) to be charged FOS fees and levies.

The Department for Work and Pensions (DWP) has denied that its preferred option for consolidating small pots will increase cases of pension fraud.