FSA

Up to 300,000 households have moved more than £60bn of mortgage debt from repayment into interest-only deals over the past three years, according to FSA data.

The Financial Services Authority (FSA) will now include members of group personal pensions (GPPs) in its rules protecting people in workplace schemes from poor advice.

The Financial Services Authority (FSA) has said plans to raise the FOS awards limit on complaints from £100,000 to £150,000 will not impact on firms' PII costs.

The FSA has advised investors in Connaught funds (Series 1 and 2), offered by Connaught Asset Management, to consider speaking with their financial adviser or stockbroker to ensure the investment is suitable.

Coventry Building Society is examining a range of capital instruments through which it could raise hundreds of millions of pounds to fund a takeover bid for Northern Rock, according to reports.

Brewin Dolphin said it is in talks with the FSA about the fairness of regulatory fees after its half-year pre-tax profits were slashed from a near 10% increase to a 21% decline by a £6.1m FSCS levy.

The Financial Services Authority (FSA) has fined the Bank of Scotland (BOS) £3.5m for failures in handling customer complains, and secured £17m in compensation for customers.

The head of the Serious Fraud Office (SFO) wants to raise salaries by 50% to put his staff on a par with those at the FSA, in a bid to stem a flow of departures and attract high-calibre recruits from private practice.

The Financial Stability Board (FSB) has launched its second probe into bonus culture and invited financial service providers to submit their views.

A man previously investigated for his role in overseas boiler-room activities has been fined more than £1m by the FSA for deliberately inflating the share price of a Manchester-based brands business for financial gain.