FSA

The Allele Fund, a company co-founded by Cherie Blair, has removed a claim on its website that it is authorised by the Financial Services Authority (FSA).

Reckless bank chiefs who damage the economy could face jail sentences under new measures under consideration by the government.

Lawrence Churchill, the current chairman of the National Employment Savings Trust (NEST), is to be the next chairman of the Financial Services Compensation Scheme (FSCS).

The Dubai Financial Services Authority (DFSA) is alerting the financial services community and members of the public to two fraudulent websites - www.difc-ib.com/ae/ and www.difcbk.com.

The Complaints Commissioner has rebuked the FSA for publishing "misleading" and "ambiguous" information about cheque clearing times on its website.

The Financial Services Authority (FSA) is to hold a series of retail distribution review (RDR) implementation surgeries across the country, begininng at the end of this month.

Auditors PricewaterhouseCoopers (PwC) has been fined £1.4m for failing to spot client money handling errors at J.P.Morgan bank.

A former chief executive officer of UBS AG's wealth management unit who is challenging a £100,000 FSA fine was yesterday accused of failing to control the activities of his team, allowing them to make up to 50 unauthorised trades per day.

Royal Bank of Scotland (RBS) has appointed Lazard to manage an auction of parts of its investment bank in a move which may lead to as many as 10,000 job cuts.

An industry expert has called for greater engagement by the protection industry to prevent regulation of payment protection insurance (PPI) hurting the protection market.