The Financial Services Authority (FSA) has revealed the poor practices it found during a review of SIPP providers.
The FSA has issued further guidance for structured product firms after identifying weaknesses in the way providers design and approve the products.
Hector Sants, chief executive of the outgoing Financial Services Authority (FSA) has told MPs the industry holds the "flawed" belief its responsibility to consumers ends with providing product information at the point of sale, a situation the new regulator...
Mass mis-selling on the scale of the payment protection insurance (PPI) debacle will not be possible under the Financial Services Authority's replacement, the man who will head up the body has said.
The FSA has issued a warning to consumers over schemes which appear to pay off a homeowner's debts, whilst allowing them to remain in their home.
The FSA and the OFT are consulting on guidance to firms in relation to payment protection products - the first time the FSA has become involved in the design of a specific product.
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The new body set up to regulate advisers may lack proper accountability and needs closer scrutiny of its role, according the chair of the Treasury Select Committee (TSC) Andrew Tyrie.
An insurance director banned and fined by the the Financial Services Authority (FSA) for allowing a £1.43m fraud which ended up bankrupting his company has had his appeal refused at the Upper Tribunal.
The redress deal struck by the Financial Services Authority and Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.