FSA

Skandia's Jeremy Mugridge examines the consequences of the FSA banning fund manager rebates.

Jon Maguire says he will "never allow the same mistakes to happen again" that led to the suspension of the CF Arch cru fund range in March 2009, as he embarks on a new investment venture.

Industry stakeholders are questioning the legitimacy of FSA proposals imposing a time limit on advisers to attain qualifications.

The FSA has banned two insurance brokers for failing to protect client money and assets.

Robert Sinclair, director of the Association of Mortgage Intermediaries (AMI), says the market is starting to rejuvenate after thousands of brokers were forced out during the past two years.

The UK's largest adviser network has come out strongly in support of an unbundled charging structure for platforms - but warns providing too much information to consumers will be "counter-productive".

The FSA has charged a former stockbroker with offences including conspiring to defraud investors and money laundering.

The FSA has fined Close Investments Ltd £98,000 for failing to properly protect and segregate client money.

The FSA has fined investment manager Rowan Dartington & Co £511,000 for failing adequately to protect and segregate client money for more than two years.

Financial services firms have to wait on average eight weeks longer for FSA authorization than this time last year, according to City law firm, Reynolds Porter Chamberlain (RPC).