Regulation

The British Insurance Brokers' Association (BIBA) has hit out at the industry's regulators for imposing what it calls ‘disproportionate' fee hikes and one-off levies on its members.

The free market consensus of the last two decades, which promoted unlimited liberalisation of financial services, should be questioned following the economic crisis, the chairman of the FSA says.

Ever tried reading Finnegans Wake or Moby Dick? How about Les Miserables, or maybe an FSA consultation paper...?

Building societies are near to finalising an investment instrument which would enable them to meet strict new capital requirements without losing their mutual status.

AIFA has hit out against proposed FSA levies as ‘poor value for IFAs' because it says they bear no link to real-life risks posed by advisers.

Adviser fee-blocks could be merged in the 2011/12 financial year, with potential cost implications for IFAs.

The FSCS plans to hit IFAs with a proposed levy of £70m before the end of March.

The FSA will charge firms a minimum £10 levy to fund the set up of a proposed Consumer Financial Education Body (CFEB).

The amount of FSA funding paid for by IFAs will fall by 8% to £40.2m in the upcoming financial year.

The Tories would transfer UK financial regulation to the Bank of England within a year of taking power, the shadow financial secretary to the Treasury says.