FSA

The free market consensus of the last two decades, which promoted unlimited liberalisation of financial services, should be questioned following the economic crisis, the chairman of the FSA says.

The FSA has banned Walthamstow-based mortgage broker Kevin Byrne for allowing a fake client to apply for a mortgage.

Ever tried reading Finnegans Wake or Moby Dick? How about Les Miserables, or maybe an FSA consultation paper...?

The FSA says proposals to charge firms' variable fees depending on their size are an "appropriate" measure to reflect the amount of work it carries out.

AIFA has hit out against proposed FSA levies as ‘poor value for IFAs' because it says they bear no link to real-life risks posed by advisers.

Adviser fee-blocks could be merged in the 2011/12 financial year, with potential cost implications for IFAs.

For the FSA to ask for a 10% increase in funding is a major kick in the teeth for all the thousands of smaller firms forced to make drastic cut backs as the economic situation continues to bite.

The FSA will charge firms a minimum £10 levy to fund the set up of a proposed Consumer Financial Education Body (CFEB).

The amount of FSA funding paid for by IFAs will fall by 8% to £40.2m in the upcoming financial year.

The financial ombudsman (FOS) proposes increasing its 2010/11 budget by almost £20m to resolve an extra 45,000 cases.