Regulation

The regulator has warned it will look to increase the financial penalties it charges to firms in breach of regulatory rules, its latest fee consultation has revealed.

A UK collaborator in a £1.5m Spain-based boiler room operation has been jailed for 33 months.

Financial advisers overwhelmingly voted a change of regulator would be the best thing the New Year could bring to improve their working life.

Hector Sants is being headhunted by the Tories for a top job at the Bank of England or the Treasury, according to reports.

Hector Sants exits the FSA having fostered an environment of collaboration and consultancy within financial services, the Institute of Financial Planning (IFP) says.

Hector Sants' replacement at the FSA needs to better balance consumer protection and interests with care for those working in the industry, the Association of IFAs (AIFA) says.

Hector Sants' departure as chief executive of the FSA will have no bearing on the RDR, despite it coming just two years before the 2012 implementation deadline, the Personal Finance Society (PFS) says.

Existing financial planners may need to re-think their client propositions as the RDR's drive for professionalism closes the gap between them and traditional advisers, threesixty says.

One in seven IFAs intends to leave the industry as a result of the RDR, research by J.P. Morgan Asset Management suggests.

Skipton Building Society has revealed details of a data blunder which led to customer details being sent out to over 3,000 other account holders.