FSA

The Financial Services Authority (FSA) has fined David Einhorn and his well known hedge fund Greenlight Capital £7.2m for trading on inside information in UK stock Punch Taverns in June 2009.

Banks must ditch their sales-driven culture and adopt a more holistic approach to financial advice, the head of the new Financial Conduct Authority (FCA) has said.

The successor to the Financial Services Authority (FSA) may have the power to ban certain types of products without having to consult.

The FSA will release a platform consultation paper within the next couple of months setting out draft rules on rebates and regulations for execution-only platforms, after Deloitte completed its research into the sector.

Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.

A reference to RBS chief executive Sir Fred Goodwin having insufficient experience to run an international bank was removed from the FSA's official report into the bank's near collapse, it has been revealed.

A poll of some 700 advisers - who were permitted to respond anonymously - has revealed what they really think about the Retail Distribution Review (RDR) and, crucially, what their clients think...

Large-scale SIPP provider mergers are likely throughout this year as many will not have the assets required if capital adequacy requirements are increased, according to Suffolk Life.

BT has denied it will force employees applying to join its pension scheme to sit a test about pensions.

A blanket ban on traded life policy (TLP) investments would amount to "overkill" and could hamper the UK's ability to compete in global markets, according to SL Investment Management (SL).