Compliance

The Financial Services Authority (FSA) is reassuring advisers they do not need to record telephone conversations with clients after some received inaccurate promotions suggesting they did.

Industry veteran Ken Davy has criticised the FSA for refusing to restructure the Retail Distribution Review (RDR) following the effects of the banking crisis.

The British Standards Institute (BSI) is consulting on a draft of a voluntary service standard for financial advice businesses.

The British Insurance Brokers' Association (BIBA) has launched a sanctions checking facility to help members comply with the Terrorism Act and the FSA financial crime requirements.

Suffolk Life's head of marketing discusses with Retirement Planner the FSA's focus on SIPP due diligence

IFAs using network support provider Paradigm Financial Advisers face delays of up to two weeks for their cases to be checked and approved because of "unexpected" demand for the service.

Nick Anderson, head of compliance and risk at IFA Towry, has made a shock departure from the firm a week after it was fined nearly half a million pounds for misleading the Financial Services Authority (FSA).

The British Insurance Brokers' Association (BIBA) is supporting targeted regulation of comparison sites.

Firms offering unqualified IFAs 'lay advocate' roles post-RDR face a serious compliance headache, an investment consultant has warned.

The FSA has given its backing to BS 8453, the new compliance framework for regulated financial services firms.