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FSA

uncategorised

FSA provider probe reveals poor SIPP practices

The Financial Services Authority (FSA) has revealed the poor practices it found during a review of SIPP providers.

clock 02 November 2011 •

Structured Products

FSA finds weaknesses in structured product design

The FSA has issued further guidance for structured product firms after identifying weaknesses in the way providers design and approve the products.

clock 02 November 2011 •

RDR

Sants tells MPs: Industry thinks its responsibility ends at sale

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...

clock 01 November 2011 •

Regulation

FCA chief: Mass mis-selling not possible under 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.

clock 01 November 2011 •

Products

FSA issues sale and rent-back warning

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.

clock 01 November 2011 •

Regulation

FSA and OFT publish landmark guidance on designing PPI

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.

clock 01 November 2011 •

Investing in the profession

Gap-fill test: Understanding the main asset classes

Welcome ye reader of Professional Adviser magazine

clock 01 November 2011 •

Regulation

Tyrie: FCA risks 'guilty until proven innocent' regulation

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.

clock 01 November 2011 •

Service

Insurance firm director banned for allowing £1.4m fraud

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.

clock 01 November 2011 •

Investment

Arch Cru investors 'close to tears' after Capita offers '10-15%' of capital

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.

clock 31 October 2011 •
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