FSA

US Treasury secretary Tim Geithner yesterday panned the UK's "light touch" regulation in the build up to the financial crisis.

As part of a new, regular feature cutting to the core of some of the industry's key developments, IFAonline takes a quick look at accredited bodies...

The Financial Services Authority (FSA) is to order structured product providers to provide more information in their marketing to justify the use of terms such as ‘guaranteed', ‘protected' and ‘secure'.

Firms must ensure retail clients can cancel an ongoing service provided by their adviser without also having to withdraw their investments, the FSA says.

The FSA has proposed simplifying the way it collects firms' data in a move which it believes will "enhance its intrusive supervisory regime".

Tenet has hit out at the decision to increase the Financial Ombudsman Service (FOS) limit from £100,000 to £150,000, deeming it "inappropriate".

The FSA seems to believe there are many myths circulating about the Retail Distribution Review (RDR). This quarter the regulator busts the bogus info on passporting, discretionary investment management and restricted advice.

The FSA has told consumers the RDR will not increase the amount they pay for advice.

The bank holiday may have provided a little respite, but it was still a busy week in the world of financial advice...

The regulator has cancelled a mortgage adviser's trading licence for failing to pay £1,137.17 in fees and levies to the Financial Services Authority (FSA).