Regulation

Industry stakeholders are locked in talks in a bid to reach consensus over what constitutes legacy assets as they prepare for life after 2012.

Hector Sants today said the Financial Services Authority (FSA) may revisit the deadline for investment firms to meet new prudential rules.

Around 50% of products currently on the market will not allow advisers to meet their RDR requirements, according to new research from administrator Capita and consultancy AT8 Group.

Joel Turland, managing director of T&C software company Redland Business Solutions, takes a closer look at the challenges of introducing statements of professional standing for advisers

The FSA has proposed a guide for businesses to avoid becoming "a conduit for financial crime", an area it said small firms have been "weak" to assess and mitigate risks.

Almost a third of consumers who recently purchased a product through an IFA were not given a key features document (KFD), or cannot recall receiving one, research commissioned by the FSA suggests.

The Practitioner Panel has called on the government to force regulators to consider the impact of cross-subsidisation in the financial services compensation scheme (FSCS).

The Small Businesses Practitioner Panel (SBPP) has warned small financial advisory firms may become "financially unviable" due to increased capital adequacy requirements and rising levies.

IFA 2plan has been awarded £87,000 after winning a High Court battle against two advisers.

Policyholder protection will be at the heart of the Prudential Regulation Authority's (PRA) post-2012 supervision of insurance companies, a joint FSA and Bank of England paper outlines today.