Regulation

The Financial Services Authority (FSA) has expressed concerns about the quality of advice around firms' use of 'centralised' investment solutions after a thematic review flagged widespread failings at some firms.

The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.

The Financial Services Authority has arrested a 23-year-old man as part of an investigation into a suspected unauthorised foreign exchange trading scheme.

Industry veteran Ken Davy has criticised the FSA for refusing to restructure the Retail Distribution Review (RDR) following the effects of the banking crisis.

The Association of Independent Financial Advisers (AIFA) has hit out at "spiralling" fee rises from the Financial Services Authority (FSA), Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS).

Skandia is launching its unbundled platform model in the fourth quarter of 2012, along with an adviser charging structure designed to accommodate different fee types.

Advisers are "significantly undervaluing" the work they do for clients when working out their charging structures post-RDR, according to Prudential.

More than 20 dawn raids were carried out by the Financial Services Authority last year as the watchdog continued its use of visible enforcement, a law firm says.

Clients of troubled spreadbetting firm Worldspreads have moved a step closer to getting funds back through the Financial Services Compensation Scheme (FSCS) after administrators KPMG began sending out final statements.

Network and support service provider Sesame Bankhall Group (SBG) has said a large number of its 2,800 member firms are considering a 'hybrid' practice - offering both independent and restricted advice.