FSA

Last year in COVER, I raised the concept of a consumer focused quality standard for IP (QS) which would be underpinned by an Office of Fair Trading (OFT) approved code of practice.

Law Commission proposals on non-disclosure intend to clarify rules over when an adviser is representing a customer and when they are acting for the insurer, writes Owain Thomas and Laura Miller.

Sesame Bankhall Group is calling on the FSA to consider a standard factoring scheme.

The FSA is considering providing staging posts for firms to indicate how much progress they have made in the transition to be RDR-compliant, but not until Q3 next year.

The FSA handed out heavier fines to fewer firms in 2009, figures show.

Below is the section from the latest RDR consultation paper that applies to pure protection.

Clive Briault, the former MD of the FSA's retail business, says it could be tough for adviser firms to meet the 2012 RDR implementation deadline, especially if they have not started preparations already.

CBG Financial Services has chosen Ascentric to support its platform solution, in a bid to get ready for a post-RDR world.

A financial adviser has had a £50,000 FSA fine increased to £75,000 after the regulator discovered he had repeatedly lied during its investigations.

The FSA has hit bank Toronto Dominion's London branch with a £7m fine for repeated failings, the fourth highest fine on record.