Regulation

Tenet has hit out at the decision to increase the Financial Ombudsman Service (FOS) limit from £100,000 to £150,000, deeming it "inappropriate".

The FSA seems to believe there are many myths circulating about the Retail Distribution Review (RDR). This quarter the regulator busts the bogus info on passporting, discretionary investment management and restricted advice.

The FSA has told consumers the RDR will not increase the amount they pay for advice.

Financial advisers in Australia have been warned any attempts to get around the country's equivalent of the retail distribution review (RDR) will not be tolerated by the regulator.

AIFA council member Neil Liversidge has sent out an appeal to 3,000 independent financial advisers (IFA) urging them to join the organisation and help make changes with within.

The Financial Services Authority (FSA) has make a landmark censure of accountants BDO LLP for failings while acting as a sponsor during a takeover deal.

Loan firms which demand upfront fees for loans they have no intention of making will be shut down by the Office of Fair Trading (OFT).

The FSA has paid £881,738 in redundancy and severance compensation to senior executives and directors since July 2007, although none have been dismissed grounds of capability or conduct.

The Financial Services Authority (FSA) has said plans to raise the FOS awards limit on complaints from £100,000 to £150,000 will not impact on firms' PII costs.

Advisers think the FSA's independent and restricted labels are "wrong" but the majority will remain whole of market after 2013, recent findings suggest.