BBA

The FSA has accepted it cannot deliver perfect results for consumers regardless of the level of resources for supervision, chairman Adair Turner said today.

Mortgage borrowers are taking advantage of low interest rates to pay down their mortgage and other debt, while building up the money they hold in current accounts.

Banks have described as "a plus" an FSA decision not to mandate the wording they will need to use to describe their restricted offering to clients after 2012.

Paul Burgin examines the changing world of structured product design, marketing and distribution legislation.

December figures from the British Bankers' Association (BBA) show mortgage lending grew by £3.5bn in December 2009.

The number of UK mortgage approvals hit more than 42,200 in October, the highest since January last year, the British Bankers' Association (BBA) says.

Banks are unhappy with suggestions they should pay additional levies to fund financial education in the UK.

Tied advisers are "just getting on" with meeting new minimum qualification proposals in the RDR by attaining QCF Level 4 under the FSA's ‘no regrets' promise.

Tied and multi-tied advisers should consider themselves "very lucky" they may be able to use the term ‘advice' when explaining their offering to consumers.

The British Standards Institute (BSI) will develop a standard for compliance by retail and wholesale financial firms in the UK.