FSA starting to act like the school bully

Professional Adviser
clock

The Financial Services Authority's (FSA) latest tactic towards product providers looks as if it coul...

The Financial Services Authority's (FSA) latest tactic towards product providers looks as if it could be a worrying precedent in its future relations with intermediary firms. The regulator is keen to ensure its comparative league tables of unit trusts, Isas and pensions are a success and that the product providers appear to be enthusiastic supporters. As a result, it has said that providing information is voluntary but anyone who does not will be named and shamed on the consumer-oriented tables. No doubt the FSA wants to look like a consumer champion but it is in danger of being the p...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •