Adair Turner

Hector Sants, chief executive of the Financial Services Authority (FSA), has admitted accountability issues with parliament and apologised for ill-feeling caused by the FSA's refusal to delay the retail distribution review (RDR).

Adair Turner has spent more than £66,000 in the past 15 months flying around the world as FSA chairman - largely because he never flys any lower than business class.

Lord Adair Turner, the head of the FSA, last night launched an outspoken attack on the banks, claiming their ability to create credit and money is ‘potentially dangerous'.

The Financial Services Authority (FSA) has warned firms and consumers to be vigilant for fraudsters claiming to be from the regulator.

The Money Advice Service (MAS) is ready and able to improve consumers' financial education and the burden will not fall solely on advisers, FSA chief executive Hector Sants has said.

The FSA has confirmed it will delay publishing its next Mortgage Market Review (MMR) consultation paper until early autumn, as it seeks to strike the right level of regulation for consumer protection.

The chairman and senior directors at the FSA shared more than £2.6m in salaries, bonuses and benefits in the year to 31 March, documents show.

The FSA's top brass is primed for a final face-off with the Treasury Select Committee (TSC) on the RDR next week, and advisers want MPs to hit the regulator with its fiercest interrogation yet.

Conservative MP Mark Garnier has promised to give FSA chief executive Hector Sants and chairman Adair Turner "hell" when they are hauled in front of the Treasury Select Committee (TSC) and forced to justify the RDR in a public evidence session next week....

The FSA is warning investors and IFAs to beware of an e-mail swindle in which scammers pretend to be watchdog chairman Lord Adair Turner.