Financial Conduct Authority

TWIN PEAKS

The Financial Services Authority (FSA) spotted flaws with the Arch Cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.

The Financial Ombudsman Service (FOS) will drift closer to becoming a regulator under a proposed memorandum of understanding (MoU) with the Financial Conduct Authority (FCA), according to a legal expert.

Andrew Tyrie, the chairman of the Treasury Select Committee, has stepped up his efforts to make the Financial Conduct Authority (FCA) more accountable to Parliament than its predecessor, the Financial Services Authority (FSA).

A shadow minister has claimed the FSA's Treating Customers Fairly (TCF) initiative has failed to adequately protect consumers.

The Association of British Insurers (ABI) has criticised the 'adversarial' remit of the industry's proposed new regulator, the Financial Conduct Authority (FCA).

The Association of Independent Financial Advisers (AIFA) has launched a campaign to help advisers protect against long-term liabilities.

Greg Becker fears the RDR may worsen consumer detriment as fewer people seek advice.

The Treasury Select Committee (TSC) has said allowing the new regulator to publish early warning notices poses a risk to ‘natural justice' and urged the government to reconsider the issue.

The Association of Independent Financial Advisers (AIFA) has called on MPs to ensure the new regulator emphasises the innocence of firms if they are exonerated after the publication of warning notices.