FSA

Two unnamed with-profits providers have been referred to the FSA's enforcement division for "governance failings".

Nucleus has expanded its business development team with the hire of ex-Zurich man Martin Clement, as the IFA-owned wrap looks to breach the £2.5bn AUM mark this month.

The FSA's frontline staff have enjoyed average salary rises of 22% in the past five years, as the watchdog has beefed up its supervision and enforcement divisions.

FSA chief executive Hector Sants has confirmed the regulator will publish guidance later this year on simplified advice.

Skandia's Jeremy Mugridge explains how segmenting your proposition can help you choose the most suitable platforms for your clients.

Great feedback this week (even if I do say so myself) on an article outlining the benefits, or not, of operating as part of a national IFA or as a directly-authorised adviser.

The FSA must do more to help firms hit by the economic downturn, according to IFA network Tenet, after the regulator raised concerns about the quality of advice given by appointed representatives (ARs).

The FSA has given its backing to BS 8453, the new compliance framework for regulated financial services firms.

David Muncaster, director of intermediary clients at Close Asset Management, says the lack of clarity around gap-filling is leaving many advisers confused.

Conservative MP Mark Garnier has promised to give FSA chief executive Hector Sants and chairman Adair Turner "hell" when they are hauled in front of the Treasury Select Committee (TSC) and forced to justify the RDR in a public evidence session next week....