FSA

AIFA has announced it is to begin accepting ‘restricted' advisers as members to reflect the changing face of financial advice.

The trade body for independent advisers is to extend membership beyond IFAs in a move which represents a radical volte-face from its original manifesto but which it said was necessary in a changing advisory landscape.

Harry Katz, principal at north London IFA Norwest Consultants and an AIFA board member, explains why the trade body had little choice but to broaden its membership base, and why the move should not put IFAs off…

The FSA has alerted consumers to a host of unauthorised firms, some of which may be targeting UK consumers.

The Financial Services Authority (FSA) is close to concluding its inquiry into alleged mis-selling by RBS-owned wealth manager Coutts.

The Association of Independent Financial Advisers (AIFA) has warned of the potential human rights implications of FSA proposals to collect individual adviser complaints data.

Castlestone has released a new statement emphasising the FSA's ongoing investigation into the firm does not relate to any criminal activity.

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Hector Sants is encouraging Arch cru investors to take the FSA-brokered 70% payment deal and has warned against attempts to get a better return through the Financial Ombudsman or the courts.

Advisers say the simplest elements of pension illustration documents are still too confusing for a lot of clients.