FSA

Ken Hogg has left the FSA to join reinsurer RGA.

Complaints made against personal investment firms, which includes IFAs, rose 48% in the 12 months to 31 December, while the amount paid out in redress to customers increased 42%, figures show.

Rural communities risk being cut off from financial advice as their IFAs exit the industry under the weight of the RDR and levy hikes, MPs were told today.

Harriett Baldwin MP is calling on the government to use a reprieve on red-tape for small businesses announced in the Budget to exempt small IFA firms from the RDR.

The FSA has issued a warning to investors against dealing with unauthorised stockbroking firm Sino Trade Europe which it believes may be targeting UK customers.

The Treasury Select Committee (TSC) is to investigate corporate tax avoidance amid public pressure for action on companies seen as paying less than their fair share.

The FSA has confirmed the establishment a new consumer redress coordination committee made up of the FSA, OFT and the ombudsman service.

ETFs and SIPPs have been earmarked as ‘emerging risks' by the newly set-up Coordination Committee (CC) which unites the FSA, OFT and FOS.

The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.

The FSA has published ten new requirements for firms and their external auditors in order to improve the quality and consistency of auditors' client assets reports.