Regulation

Claims management firms (CMCs) have 'exploited' payment protection insurance (PPI) complaints, according to the Financial Ombudsman Service's (FOS) legal director.

Sheila Nicholl, the FSA's director of policy, yesterday asked a packed hall of advisers, product providers and consumer groups: What one thing would you want the Financial Conduct Authority to do differently to the FSA on consumer protection?

Financial Services Authority(FSA)chief executive Hector Sants has ruled out rewarding firms with lighter touch regulation for good behaviour under the planned Financial Conduct Authority(FCA).

Prudential CEO Tidjane Thiam today told the FSA the UK will not benefit from a new regulator which is overly-prescriptive and stunts financial services.

The financial services industry has failed to learn from mis-selling mistakes of the past, Hector Sants said today as he reflected on four years as chief executive of the Financial Services Authority (FSA).

A former Lloyds TSB financial adviser is facing jail after admitting to defrauding two of his clients and misusing funds from a primary school.

New regulations affecting financial advisers in New Zealand come into effect this Friday, with reports up to 300 financial advisers will be forced out of business as a result.

Former Skandia CEO Nick Poyntz-Wright has been appointed as the new head of life insurance at the Financial Services Authority(FSA).

The Financial Services Authority's replacement regulator may ban firms from marketing or distributing individual products where it identifies consumer detriment.

The Financial Services Authority (FSA) has clarified the conditions firms need to meet to qualify for an exemption from the Retail Distribution Review's (RDR's) adviser charging and professionalism requirements when selling income protection products...