A UK ban on the payment of commission from providers to advisers who sell its products can go ahead unchanged and unhindered, the European Commission (EC) has said, quashing concerns a Europe-wide directive could scupper the requirements.
Consumers are likely to reject simplified advice and advice where they must pay a fee upfront, research from the Association of British Insurers suggests.
The government will continue to avoid interfering in the regulation of the retail investment market even after the break-up of the Financial Services Authority (FSA), it has confirmed.
The Financial Services Authority (FSA) has told members of the Treasury Select Committee its latest research shows 91% of advisers expect to have completed their qualifications by December 2012, rebuffing MPs' concerns about the extent of potential exits...
The House of Commons Treasury Committee has expressed its regret that the Financial Services Authority (FSA) declined its suggestion to delay implementation of the Retail Distribution Review (RDR) by 12 months, and described the concessions the regulator...
The Financial Services Authority (FSA) said it intends to roll out a 'consumer communications plan' to help ensure the public is aware of the Retail Distribution Review (RDR) and its impact on the delivery of financial advice.
The Financial Services Authority's (FSA) proposal to base advisers' regulatory fees on income rather than size is a tax on success, Derek Bradley, chief executive of PanaceaIFA has said.
The Financial Services Authority (FSA) has raided the Department for Work and Pensions (DWP) to find a new director of communications after the current head stepped down.
The Insolvency Service has wound up two land banking firms in the latest clampdown on the fraudulent investment activity.
Three-quarters of consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to Which?.