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FSA

Economics / Markets

Major UK banks pass EU stress tests

The UK's four major banks have passed EU stress tests, although five Spanish banks failed, the Committee of European Banking Supervisors (CEBS) said.

clock 23 July 2010 •

Industry

FSA adds suspension to disciplinary powers

The FSA will be able to restrict firms from selling certain products and suspend individuals as ‘disciplinary' measures when it implements new powers granted to it under the Financial Services Act 2010.

clock 23 July 2010 •

Your profession

FSA may double FOS award limit

The maximum award the financial Ombudsman (FOS) could order firms to pay in client redress may double to £200,000, a City law firm suggests.

clock 22 July 2010 •

Multi-manager

Chatfeild-Roberts urges caution over complex 'fad' funds

John Chatfeild-Roberts, CIO of Jupiter and head of the group's £4.6bn multi-manager range, has urged investors to go back to basics and avoid being tempted into complex products promising unrealistic returns.

clock 22 July 2010 •

Regulation

Regulation: Is it time to go it alone?

Daniel Harrison says advisers are moving from national and network propositions to become directly authorised. And he thinks he knows why…

clock 22 July 2010 •

RDR

Independence tag may not catch all advisers

Sue Mallender, senior associate at Bovill, discusses how achievable retaining ‘independent' status will be for advisers seeking to be RDR-ready.

clock 21 July 2010 •

Your profession

FSA repays £3.7m to victims of unauthorised CIS

The FSA has secured almost £4m in compensation for victims of an unauthorised collective investment scheme.

clock 20 July 2010 •

Your profession

Directors loan Clarkson Hill £600k to meet cap ad costs

Clarkson Hill directors Ron Pritchard and Mike Robinson have loaned the business £588,000 to help it meet its regulatory capital requirements.

clock 20 July 2010 •

Your profession

Sesame Bankhall to offer restricted advice service

Sesame Bankhall will launch a restricted advice service for at-retirement customers with small pension pots.

clock 20 July 2010 •

Mortgages

Mortgage lending jumps 15% in June

Gross mortgage lending rose 15% last month, but experts attribute the increase to "seasonal pick-up".

clock 20 July 2010 •
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