FSA

The Financial Services Authority (FSA) should increase salaries by 50% at its successor agencies in order to prevent employees moving in to the private sector, according to one headhunting consultancy.

The industry is split on the merits of the Treasury Select Committee's (TSC) key recommendation to delay the RDR for 12 months until 1 January 2014.

The Treasury Select Committee (TSC) may have lost the battle with the Financial Services Authority (FSA) over the RDR, but in the long war of financial services regulation it will seek to have its recommendations written into the successor Financial Conduct...

The Financial Service Authority's (FSA) evidence to the Treasury Select Committee (TSC) offers a look at the regulator's most up-to-date thinking on the shape of things pre and post-RDR.

The Treasury Select Committee (TSC) will begin an inquiry into the accountability of the successor regulator to the Financial Services Authority (FSA), the Financial Conduct Authority (FCA).

The Treasury Select Committee (TSC) has called for a 12 month delay to the RDR to enable more advisers to reach Level 4, among a series of other concessions, but the FSA has flatly refused any negotiation on a change to its plans.

And five big stories this week were...

A 'read-across' of the retail distribution review (RDR) to the protection space remains a possibility and intermediaries must continue to lobby hard to prevent it, an industry consultant said.

Discretionary investment managers have backed FSA plans to update qualification standards for the sector.

The Financial Services Compensation Scheme (FSCS) has already paid out nearly £2m in compensation to clients of the collapsed IFA network Alpha to Omega, and is looking into another 300 claims.