FSA

The Personal Finance Society yesterday issued its interpretation of the rules regarding the status of advice post-retail distribution review(RDR).

The retail sector is bearing the brunt of FSA fines in an indication it is being targeted by a retail-focused regulator, said compliance firm Wolters Kluwer Financial Services.

A financial services marketing expert has suggested consumers care very little about the status of their adviser and criticised the FSA's choice of terminology on the issue.

The barrage of regulator reports and comments on ETFs has brought to light some of the activities inside ETFs, securities lending is one of these. Paul Burgin asks asset managers what they think of the practice

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

A panel of industry experts reply to the Bank of England's recent report into the ETF market

A metal trader who was set to be fined and banned by the Financial Services Authority (FSA) for market abuse will now only be censured after the intervention of the Upper Tribunal (Tax and Chancery Chamber).

The FSA has obtained a High Court injunction against a number of companies and individuals who made more than £1m from manipulating the market in UK shares.

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.

An adviser has spoken of his anger and confusion after an adjudicator from the Financial Ombudsman Service (FOS) ruled he had given unsuitable advice to clients on insolvent investment firm Keydata - even though the FSA had previously deemed his recommendation...