FCA

The chief executive of the Association of Mortgage Intermediaries (AMI) has hit out at the Financial Services Authority (FSA) over its failure to launch an individual registration scheme for mortgage advisers.

The Financial Services Authority (FSA) and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.

The Financial Services Consumer Panel (FSCP), which is set up to represent consumers in the financial sector, is advertising for a new chairperson with an annual salary of £60,000.

The Financial Services Authority (FSA) failed consumers and the Financial Conduct Authority (FCA) must take a "radically different approach" to regulation, a group of influential MPs has said.

The Association of Professional Financial Advisers (APFA) is calling for more product manufacturer responsibility when marketing materials are relied on by investors and advisers.

The Financial Conduct Authority (FCA) must adopt greater transparency and a more market oriented approach to regulation, the Association for Professional Financial Advisers (APFA) has said.

DRIVING SEAT

The Financial Services Authority (FSA) is proposing emergency measures to intervene in the sale of products where it judges mis-selling, flaws, or other problems to consumers.

The incoming Financial Conduct Authority (FCA) will swoop in to stamp out activities that it believes run counter to the spirit and practice of the Retail Distribution Review (RDR), according the FSA's head of investment policy.

BUSINESS PLANS