FSA

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

The Financial Services Authority (FSA) has appointed the group finance director of Rathbones to a non-executive role on board of the Financial Services Compensation Scheme (FSCS).

An IFA has written a scathing open letter to Financial Services Authority chief executive Hector Sants, calling for his resignation over the closure of an EEA life settlement fund just days after the regulator said it wants to ban the investments.

The FSA is currently consulting on its guidance for payment protection insurance (PPI) and potential replacement products such as short-term income protection (STIP).

Advisers with clients invested in life settlement fund EEA have branded the Financial Services Authority's (FSA) rhetoric on traded life policy investments (TPLIs) "reckless" after the fund was forced to close.

The EEA Life Settlements Fund has suspended dealings, after receiving "unprecedented" levels of redemption requests from advisers and institutional investors.

On a recent road trip, Shaun Sandiford, business development director at Axa Wealth, asked advisers how they would change their business if RDR didn't exist.

Richard Henry, director of investor solutions at Barclays Wealth, on why current 
market conditions are encouraging for structured products.

Andy McCabe, managing director of Selectapension, finds out 
just how prepared advisers are for the obligations of RDR.

The uncomfortable position advisers who recommended Keydata are in today is exactly where those who advised on Arch Cru could soon find themselves...