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FSA

Structured Products

FSA intervenes in 'unfair' structured product T&Cs

Investec Bank and Morgan Stanley have both modified their structured products terms and conditions after the Financial Services Authority (FSA) found terms in both were potentially ‘unfair' to clients.

clock 26 February 2013 •

Adviser tips

Rayner Spencer Mills launches fund profile service

Rayner Spencer Mills, fund rating and independent research company, has extended its range of specialist services with the launch of a new in-depth fund profile service.

clock 26 February 2013 •

Income

Annuity Direct: ABI code will not protect consumers

Annuity Direct has warned the Association of British of Insurers' (ABI) code of conduct on annuity purchase will not be ‘strong enough' to protect consumers or encourage shopping around.

clock 25 February 2013 •

Investment

SFO called in to investigate Harlequin Property - reports

The Serious Fraud Office (SFO) has been called in to investigate Harlequin Property, a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA), according to reports.

clock 25 February 2013 •

Wrap/platforms

Clean funds 'more expensive' in two-thirds of cases

Two-thirds of clean share classes are more expensive than their bundled equivalents, according to research by consultancy firm Adviser Asset.

clock 25 February 2013 •

Regulation

FSA in talks with asset managers over simplifying fund closures

The Financial Services Authority (FSA) is holding discussions with asset managers over more effective ways to allow groups to close open-ended funds to new investors.

clock 25 February 2013 •

RDR

Billingham: advisers want the RDR in Jo'burg, Bangkok and Delhi

Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.

clock 22 February 2013 •

Pensions

AMPS: FSA cap ad plans threaten SIPP industry competition

The Association of Member Directed Pension Schemes (AMPS) has warned the Competition Commission and the Office of Fair Trading that Financial Services Authority (FSA) capital adequacy plans may threaten competition in the self-invested personal pension...

clock 21 February 2013 •

Pensions

AMPS: FSA SIPP proposals risk consumer harm

Proposals for SIPP capital requirements based on assets under administration should be scrapped as it could risk consumer harm, Association of Member Directed Pension Schemes (AMPS) has told the FSA.

clock 21 February 2013 •

Investment

FSA confirms Direct Sharedeal FSCS claims will fall on advisers

The Financial Services Authority (FSA) has confirmed that claims at the Financial Services Compensation Scheme (FSCS) relating to failed stockbroker Direct Sharedeal - which could total £13m - will be paid for by investment advisers.

clock 21 February 2013 •
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