Regulation

The FSA has censured a London-based stockbroking firm for repeated failures by its appointed representative where customers were forced to buy shares they did not want.

AWD Chase de Vere has appointed Carl Pimlott as head of professional development and training to prepare for the RDR.

AIFA has criticised the FSA for charging life companies and fund managers ‘disproportionately low fees' compared to intermediaries.

Firms must publish their first raft of complaints figures by 31 August, the FSA announced today.

The FSA plans to extend the scope of the Significant Influence Function (SIF) regime and introduce a more detailed framework on effective governance standards within firms.

The level of payment restructuring still needed to make providers RDR-ready could set back implementation beyond 2012, according to Lighthouse Group executive chairman David Hickey.

State aid to help the liquidation of Bradford & Bingley would not break competition rules, the European Commission has ruled.

Network Alpha to Omega has been told by the FSA it is unable to take on any new business.

The FSA has written to the chief executives of major insurance brokers and investment firms repeating its concerns over what it calls the ‘unacceptable' handling of clients' money and assets.

Standard Life is set to launch a programme on its wrap to help IFA firms prepare for the RDR.