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FSA

Your profession

The day the FSA told a client: Your IFA is charging too much

The FSA will not use the sales data it plans to collect from adviser firms to tell them how much they should be charging for their services. Or so it says.

clock 19 May 2011 •

Your profession

FSA rulebook will be torn up-reports

The Bank of England is expected to tear up the FSA rulebook and adopt a new approach to policing banks and financial institutions when it takes on the role of prudential regulator.

clock 18 May 2011 •

Regulation

FSA bans compliance officer for client asset failings

The FSA has fined the former compliance officer at a Forex brokerage £3,000 and banned him from holding a oversight function for failing to keep client seperate from the firm's.

clock 17 May 2011 •

uncategorised

Curtis Banks eyes new targets after Montpelier buyout

SIPP and SSAS provider Curtis Banks has bought rival Montpelier Pension Administration Services (MPAS) for an undisclosed sum.

clock 16 May 2011 •

Regulation

FSA: Financial education is not our responsibility

The FSA has refuted claims it is failing to fulfil statutory obligations to provide consumer financial education.

clock 16 May 2011 •

Wrap/platforms

IFAs forced to 'second guess' platform rules

A lack of clarity from the FSA about advisers' use of platforms means firms have to "second guess" the regulator's requirements, according to The Platforum managing director Holly Mackay.

clock 16 May 2011 •

Regulation

Cap on FSA fee increases rejected

MPs today rejected a bill which could have stopped the FSA increasing its regulatory fees above the rate of inflation.

clock 13 May 2011 •

Investment

Lifemark granted six more months to fix fund

The Luxembourg court has granted Lifemark administrators a further six months to find funders for the troubled backer of Keydata bonds.

clock 13 May 2011 •

RDR

FSA warns firms over unqualified advisers' roles post-2012

Firms offering non-advisory roles to IFAs who fail to meet RDR requirements are being warned by the FSA to make sure they do not stray into delivering advice.

clock 13 May 2011 •

Regulation

Lay advocates: Advisers debate post-2012 roles

Firms offering 'lay advocate' roles to unqualified individuals after 2012 have been warned by the FSA to make sure they do not stray into regulated advice territory. Here's what you had to say...

clock 13 May 2011 •
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