Regulation

Yesterday's £2.8m fine for Scottish Equitable took the FSA's total this year beyond £88m, representing a rise of some 153% on 2009.

Scottish Equitable has been fined £2.8m by the FSA for a series of administrative failings including underestimating the value of customers' future pension benefits to the tune of almost £7m.

Julie Darlington, director of regulation at 2plan Wealth Management, looks at best working practices post-RDR.

Simon Badley, director of intermediary at Aviva, says the industry needs to work together to change the client view of financial advice.

RBS has blocked the FSA from publishing a report into the circumstances leading to its taxpayer bailout.

Baroness Sarah Hogg, senior adviser to the FSA, will join the board of the Treasury today along with as many as 40 new directors.

Any dilution of the RDR proposals will increase costs on consumers through continued mis-selling, the FSA warns today in a letter to the Treasury Select Committee (TSC).

IFA lobbying unit Adviser Alliance says the political momentum generated by the parliamentary debates on RDR presents the best opportunity to revise the Review and reveals it has received an offer to fund a judicial review into the lack of a time limit...

The FSA has delayed a policy statement on its post-2012 professionalism rules until January so it can provide a 'comprehensive rationale' about why it remains committed to the RDR to the Treasury Select Committee (TSC).

Two men working at Pacific Continental Securities, the stockbroker which collapsed last year contributing to a £58m interim levy on investment advisers, have been fined a total of £100,000 and banned from working in financial services for market abuse....