FSA

Bank of England governor Mervyn King said badly managed banks should be left to fold, as he demanded sweeping powers to force financial institutions to be more transparent.

Three-quarters of consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to Which?.

The Financial Services Authority (FSA) said the scope of the European Directive means niche lending areas including bridging, high-net worth borrowers and credit unions may be harmed by the catch-all nature of the rules.

Most consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to a poll by Which?.

From 2013, independent advisers must have a working knowledge of all ‘retail investment products'. There's just one problem: the FSA has been slow to define what they are.

Ten leading platform commentators were locked in a room recently to debate the future of the market. In the second of a three-part special in Professional Adviser, the team asks: In a wrap-heavy world, is there a future for off-platform solutions?

Advisers have welcomed news the FSA is writing to advice firms about drawdown to monitor trends in the light of April's new rules, as a remedy for drawdown abuse.

The Labour government was rightly derided for many things, but one event that happened under its watch should be applauded: the introduction of the Freedom of Information Act.

Structured product providers must consider the needs of the retail consumer at the end of the supply chain and not just regard distributors as the ‘end customer', the FSA has said.

The Financial Services Authority's (FSA) investigation of drawdown advice will look back further than April, the regulator confirmed.