FSA

The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers.

The Financial Services Authority (FSA) will face questions from Arch Cru investors at a hearing on Wednesday on the regulator's role in the downfall of the fund range - and the £54m redress deal - despite not being allowed at the meeting.

Our round-up of Tuesday's national newspaper headlines...

The consolidation of the SIPP provider space will be stalled by the declining value of some firms, according to Tim Sargisson, managing director of James Hay Partnership.

The Financial Services Authority has sought to calm any concerns advisers may have about getting their statement of professional standing (SPS), reminding them of the 60 day window they have after RDR-implementation.

Ten of this week's best-read stories...

The FSA is set to undertake an examination of how platforms are regulated in other countries as part of its ongoing research into platform remuneration.

Expatriates and their advisers are failing to look further than tax benefits when choosing a qualifying recognised overseas pension scheme (QROPS), Guardian Wealth Management has warned.

Senior industry figures have backed a new consultation by the FSA into whether or not to extend a proposed fund manager rebate ban to life insurance products.

Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.