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Regulation

Regulation

UK can press ahead with full commission ban, says EC

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.

clock 07 November 2011 •

TCF

Consumers will reject simplified advice: ABI

Consumers are likely to reject simplified advice and advice where they must pay a fee upfront, research from the Association of British Insurers suggests.

clock 07 November 2011 •

Regulation

Govt to stick to hands-off approach with new regulator

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.

clock 05 November 2011 •

RDR

FSA survey trashes adviser exodus forecasts

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...

clock 05 November 2011 •

RDR

FSA panned for 'limited' RDR concessions

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...

clock 05 November 2011 •

Regulation

FSA promises to educate public on RDR

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.

clock 05 November 2011 •

Regulation

FSA warned to drop 'tax on success'

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.

clock 04 November 2011 •

Regulation

FSA poaches from DWP to bolster spin team after another exit

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.

clock 04 November 2011 •

Investment

Two firms wound up as land banking clampdown continues

The Insolvency Service has wound up two land banking firms in the latest clampdown on the fraudulent investment activity.

clock 04 November 2011 •

Regulation

FSA too easy on banks, say consumers

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?.

clock 03 November 2011 •
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