The ABI has voiced its concern over the lack of clarity surrounding legacy rules and said the regulator's latest stance marks a "fundamental" change to the Retail Distribution Review (RDR).
Informed Choice chief executive Nick Bamford and chief executive of the Institute of Financial Planning Nick Cann give their verdict on yesterday's Financial Services Authority meeting on the future of regulation.
The FSA has banned two independent advisers over suitability of advice failings, but both have escaped fines due to financial hardship.
Sheila Nicholl, the FSA's director of policy, yesterday asked a packed hall of advisers, product providers and consumer groups: What one thing would you want the Financial Conduct Authority to do differently to the FSA on consumer protection?
Financial Services Authority(FSA)chief executive Hector Sants has ruled out rewarding firms with lighter touch regulation for good behaviour under the planned Financial Conduct Authority(FCA).
Prudential CEO Tidjane Thiam today told the FSA the UK will not benefit from a new regulator which is overly-prescriptive and stunts financial services.
The financial services industry has failed to learn from mis-selling mistakes of the past, Hector Sants said today as he reflected on four years as chief executive of the Financial Services Authority (FSA).
The FSA has acted against an individual suspected of involvement in an unauthorised collective investment scheme.
Former Skandia CEO Nick Poyntz-Wright has been appointed as the new head of life insurance at the Financial Services Authority(FSA).
The Financial Conduct Authority (FCA) will establish a new market analysis team to monitor products carrying very high returns as it hints it may intervene on pricing where it suspects competition has become impaired or consumers are being treated unfairly....