FSA

Perspective Financial Management, fined £49,000 by the FSA for pension switching advice misconduct, failed to heed warnings from two compliance officers about its sales practices.

The FSA expects protection and health insurance to be among the most likely product areas affected if the European Court of Justice (ECJ) rules that gender based pricing is illegal.

The FSA has levied fines totalling £143,500 on two firms which failed to check the suitability of the pension switching advice they gave their customers.

IFAs face requirements to have knowledge of complex products post-RDR despite the lack of exams covering these areas, threesixty warns.

Friends Provident is facing calls to review hundreds of pension transfers after an IFA formally complained details about bonus guarantees had been left off a client's statement.

The Association of Medical Insurance Intermediaries (AMII) has branded the proposed 57% increase in 2011's Financial Services Compensation Scheme (FSCS) levy as "unfair, excessive and totally inappropriate."

The FSA will spend £100m implementing EU-wide insurance regulation Solvency II, which is "towards the low end" of original estimates but excludes "considerable" direct costs to the UK industry, FSA CEO Hector Sants says.

In part one of a new series examining the FSA's professionalism rules, Perspective Financial Group's Julie Hepworth explains how to meet the FSA's annual CPD requirements - and how to keep a record of what you have done.

Consumer watchdog Which? has called on the FSA to get rid of the ‘restricted adviser' label and replace it with ‘sales representative'.

The FSA has told the Treasury Select Committee (TSC) any dilution of the RDR will lead to higher costs to consumers through continued unsuitable advice, in a warning to MPs not to meddle with the rule change.