FSA

The FSA's Sheila Nicoll has hinted today's Discussion Paper on platforms will hone in on rebates, transparency of charging and action the regulator can take to aid re-registration.

The FSA is considering making suitability reports mandatory for a wider range of financial instruments, including structured products, under a possible extension of its COBS rules.

It was June 2007, all of 33 months ago, when the FSA published its first Review of Retail Distribution.

The FSA is set to publish a Policy Statement (read: final rules) on adviser charging and service labelling later this morning.

IFAs were in uproar again this week and with good cause. FSA outgoing chief executive Hector Sants and chairman Lord Adair Turner both made speeches about the broken banking sector.

With the number of platforms increasing and competition intensifying, advisers need to take more time selecting the right platform for their clients, writes Skandia's Jeremy Mugridge.

The FSA must better assess the practical impact its ideas will have on the adviser community before introducing new regulations, urges its newest board member Amanda Davidson.

Client complaints could either be investigated several times or not at all under FSA plans permitting alternative bodies to handle grievances about advisers' ‘professionalism'.

A seventh person has been arrested on suspicion of taking part in a long-running insider dealing scheme allegedly involving senior executives at Deutsche Bank and Exane BNP Paribas.

Six people including two senior City professionals "at leading institutions" have been arrested following an insider dealing investigation by the FSA.