FSA

The FSA has accepted it cannot deliver perfect results for consumers regardless of the level of resources for supervision, chairman Adair Turner said today.

The FSA has issued a warning to advisers over occupational pension transfer deals after it became concerned over the quality of advice being given.

FSA proposals designed to make mortgage borrowing safer for consumers may in fact make it more difficult for people to get on the property ladder, the Council of Mortgage Lenders (CML) says.

The FSA is proposing imposing affordability tests for all mortgages and making lenders ultimately responsible for assessing a consumer's ability to pay.

Rogue sale and rent back (Sarb) firms are continuing to operate despite new regulations being introduced at the start of the month.

The FSA has fined an Essex-based network director for putting customers at risk of receiving unsuitable advice on payment protection insurance (PPI).

The Institute of Financial Planning (IFP) has confirmed it will apply to become an accredited body under plans published in the FSA's latest RDR paper.

An IFA firm fined more than £20,000 by the FSA for poor pensions advice admits it failed to produce a single compliance report on pension switching in two years.

The FSA has fined Gateshead-based IFA N-Hanced £21,000 for exposing their customers to the risk of receiving poor advice about switching their pension.

Three men have been banned from working in financial services for swindling £2m out of a trio of London-based insurance firms.