FSA

So after two years, thousands of FOS claims, the support of two MPs, and a Prime Minister who wasn't even in the post when the debacle began, Arch cru investors have some kind of answer to the question ‘Will I ever get my money back?"

The Financial Services Consumer Panel (FSCP) will ensure the FSA does not "cave in" to pressure from the industry on grandfathering exemptions from qualification requirements for long-standing advisers, it has said.

The Practitioner Panel has called on the government to force regulators to consider the impact of cross-subsidisation in the financial services compensation scheme (FSCS).

The Small Businesses Practitioner Panel (SBPP) has warned small financial advisory firms may become "financially unviable" due to increased capital adequacy requirements and rising levies.

The FSA has already decided final rules governing platforms ahead of publication of its policy paper in July and will "not budge" on the proposal to ban cash rebates.

Prime Minister David Cameron joined the fight to force the FSA to reveal what it knows about the failure of the Arch cru fund range, just days before today's announcement of a £54m compensation package for investors.

The Financial Ombudsman Service (FOS) has hit out at the FSA for not intervening to tackle the Payment Protection Insurance (PPI) problem sooner and criticised the industry for being addicted to regular mis-selling scandals.

An overwhelming majority of advisers think cash rebates on platforms should be allowed to continue, recent research suggests.

Policyholder protection will be at the heart of the Prudential Regulation Authority's (PRA) post-2012 supervision of insurance companies, a joint FSA and Bank of England paper outlines today.

The Treasury has ruled out launching its own independent inquiry into the collapse of Keydata until after the Financial Services Authority (FSA) has completed its review - which has so far stretched to two years without any public findings.