FSA

The Financial Services Authority's replacement regulator may ban firms from marketing or distributing individual products where it identifies consumer detriment.

The Financial Services Authority (FSA) has clarified the conditions firms need to meet to qualify for an exemption from the Retail Distribution Review's (RDR's) adviser charging and professionalism requirements when selling income protection products...

Consumer groups will have the power to insist regulators investigate complaints of mass mis-selling of financial products when the Financial Conduct Authority takes over in 2013, Mark Hoban, financial secretary, will announce today.

An investment adviser is under police investigation in connection with alleged misappropriation of funds.

Mint Financial has refused to comply with a Financial Ombudsman ruling to compensate investors in a failed Intregity Maximiser plan for 18 months while it haggles over how much to give the elderly couple.

The Money Advice Service (MAS) is ready and able to improve consumers' financial education and the burden will not fall solely on advisers, FSA chief executive Hector Sants has said.

Five key developments this week, summarised below...

Who moved where in another busy week in financial services...

Industry stakeholders are locked in talks in a bid to reach consensus over what constitutes legacy assets as they prepare for life after 2012.

Hector Sants today said the Financial Services Authority (FSA) may revisit the deadline for investment firms to meet new prudential rules.