Regulation

Advisers continue to be confused by the FSA's stance on single platform use, research suggests.

Advisers are beginning to assess the impact of how the latest Financial Services Compensation Scheme (FSCS) levy will impact their business.

A financial adviser has been fined £95,200 and banned by the Financial Services Authority (FSA) for knowingly submitting mortgage applications in his own name which contained false information.

Proposed changes to the Financial Services Compensation Scheme (FSCS), opening up eligibility to more parties, are likely to lead to increased compensation costs and higher levies.

The Financial Ombudsman Service (FOS) has set its budget for 2012/3 at £191.1m, meaning both the case fee and total levy will be frozen for the third year running.

The Financial Services Authority is set to provide final guidance on simplified advice this week.

The Financial Services Authority (FSA) has fined Coutts & Company £8.75m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls.

Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.

FIVE THINGS

The Financial Services Authority (FSA) is readying at least one 'mega fine' in the next three months as figures show it raised significantly less than usual in the first quarter of 2012.