FSA

AIFA director general's departure will only increase uncertainty for IFAs

Tom Robinson, an economist at RGL Forensics, explains why the FSA has got it all wrong when it calculates IFAs’ contributions to its annual fees…

The new Government has announced plans for a total shake-up of finanical services regulation to conclude in 2012, which is also the deadline for IFAs to meet RDR requirements.

At the time of writing it has certainly been a season of manifestos.

BP is facing a bill of up to $34bn from the Gulf of Mexico disaster after US senators demanded the oil company deposited $20bn into a ring-fenced account to meet escalating compensation costs.

The FSA has appointed Tom Boardman as senior adviser on life insurance.

Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.

FSA managing director of risk, Sally Dewar, is set to leave the regulator next year, the FSA announced today.

Outgoing chief executive Hector Sants says the FSA is now a "different and improved regulator" after "radically changing" the way it operates.

The FSA paid staff almost £22m in bonuses in the year to 31 March 2010, figures show.