Regulation

The FSA has sent a reminder to firms warning of the difficulties faced by clients in making pension transfer decisions without advice.

The FSA plans to further simplify how investment advisers can ensure they provide clients with clear and simple information about costs and services.

Regulated firms are likely to be faced with a "potentially significant" increase in FSA fees in 2009/10, its chief executive Hector Sants has disclosed.

The FSA has fined PMSG Insurance Services £35,000 for various failings, and also withdrawn its approval for the firm's compliance officer Irene Hall.

The FSA has issued an updated waiver from its complaints handling rules regarding unauthorised overdraft charges.

The FSA is preparing for a large-scale pathfinder for Money Guidance, its free, impartial information service on money matters that was created in partnership with HM Treasury.

Sesame has pinpointed what it sees as the measures the FSA needs to take in order to achieve its objectives for reforms to professional standards and qualifications.

IFAs are in a good position to meet the qualifications criteria likely to be laid down by the FSA's Retail Distribution Review, according to research by Unbiased.co.uk for its State of the IFA Nation report.

The FSA has banned Baljit Somal, a former broker at Square Mile Securities, and fined him £16,000 for selling high risk shares to customers without their consent and using unacceptable sales tactics.

The Chief Secretary to the Treasury, Yvette Cooper MP, and the CEO of the FSA, Hector Sants, have unveiled plans to offer additional support to those with fiscal concerns.