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FSA

TCF

Churchill and Direct Line fined £2.17m for doctoring files

UK Insurance Ltd, the parent company of Churchill and Direct Line, has been fined £2.17m by the FSA for doctoring its customer complaint files.

clock 18 January 2012 •

Investment

FundsNetwork: Re-reg must come under adviser charging rules

FundsNetwork has urged the regulator to change tack and include platform re-registration under adviser charging principles as part of a wide-ranging critique of the regulator's legacy asset paper.

clock 18 January 2012 •

Investment

Aegon: Ending trail on fund switches would be 'disastrous'

Insurer Aegon has warned of the "disastrous" ramifications of removing trail commission following a fund switch - a move the FSA hinted at in its latest consultation paper on legacy commission.

clock 16 January 2012 •

Products

Lenders warned over unfair terms in interest-only contracts

The Financial Services Authority (FSA) has published guidelines to push lenders to simplify wording on mortgage contracts that permit switching consumers from interest-only to repayment mortgages.

clock 13 January 2012 •

Regulation

TSC: Lack of accountability 'plagued' FSA

The Treasury Select Committee (TSC) today highlights the FSA's swift dismissal last year of a proposal to delay the introduction of RDR as evidence of accountability and culture failings at the regulator, and said the same problems must not "plague" its...

clock 13 January 2012 •

Regulation

TSC says trade bodies must shout louder

The Treasury Select Committee (TSC) has told trade bodies to be more vocal with their concerns about regulators and urged the industry to be the drivers of better regulation.

clock 13 January 2012 •

Regulation

Boiler room victims to get 7p back for every £1 invested

Victims of the Bayshore Nominees boiler room scam are to receive just 7p back for every £1 invested, according to the Financial Services Authority.

clock 12 January 2012 •

Regulation

Adviser firm Pave faces ban for UCIS mis-selling

Pave Financial Management is to have its permissions cancelled by the FSA following the mis-selling of unregulated collective investment schemes (UCIS), with two of its directors also being punished.

clock 12 January 2012 •

Regulation

Police investigate suspicious trades at Rowan Dartington

Police have arrested five men as part of its investigations into a small number of suspicious trades reported by Bristol-based stockbroker and wealth manager Rowan Dartington.

clock 12 January 2012 •

Your profession

Are EISs suitable for your clients?

With the average age of EIS investors falling, are more people finally waking up to the products' tax benefits?

clock 12 January 2012 •
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