FSA

The FSA has confirmed the new deposit compensation limit will increase from £50,000 to £85,000 per person to tie in with new European Economic Area (EEA) regulations.

The FSA says it is "disappointed" after finding approved persons' knowledge of its ethical code "was so low".

Dozens of Norwich & Peterborough (N&P) customers who invested in failed firm Keydata say they were not given key features documents (KFDs) on the products until after they had parted with their money.

The FSA today confirmed plans imposing a 30 month deadline for individuals to complete all modules of qualifications required for their role.

The FSA will review the exam standards of pension transfer specialists ahead of other areas, despite calls from the industry for it to prioritise closer scrutiny of mortgage advice.

This week's meeting of the All Party Parliamentary Group to discuss the impact of the RDR on IFAs attracted a lot of interest from MPs and a full public gallery

The RDR qualifications deadline is a "guillotine" on the careers of advisers and the FSA should be flexible on its implementation, AIFA director general Stephen Gay told MPs last night.

The FSA has turned the tables on boiler room conmen by cold calling the scammers to warn them off using the same tactic to cheat investors.

Yesterday's £2.8m fine for Scottish Equitable took the FSA's total this year beyond £88m, representing a rise of some 153% on 2009.

Julie Darlington, director of regulation at 2plan Wealth Management, looks at best working practices post-RDR.