Regulation

CHRIS Cummings, director general of the Association of Independent Financial Advisers (AIFA), has called for IFA unity against new FSA proposals he says will threaten commission.

A NEW FSA regulation for SIPPs is likely to lead to further consolidation in the market, according to Premier Pension Services.

The FSA has called on senior managers of firms to keep driving home the Treating Customers Fairly (TCF) initiative.

A BOGUS claim that Eurolife Capital Funding was regulated by the FSA has left investors without compensation after the firm went into administration.

GUIDANCE provided by trade bodies such as the IMA and AIFA will supplement regulations not replace them, the FSA has assured the industry.

THE oil sector has been underinvested for a long time according to analysts at Investec.

PROVIDERS believe the Department for Work and Pensions' summary of responses to the governments White Paper consultation failed to address some key areas.

THE IMA has reported the "best September on record" for net retail sales, which soared to £1.5bn compared to £809m in the same month last year.

NEW proposals have been published this week by the Financial Services Authority aiming to simplify the rules that firms must follow in carrying out investment business with customers.

THE Financial Services Compensation Scheme has appointed the head of its claims division to the board as executive director.