FSA

An FSA-led review of the Financial Services Compensation Scheme (FSCS) will include an assessment of the composition of classes and sub-classes as well as the annual thresholds each class can be asked to pay, the regulator has confirmed.

No ‘one shot silver bullet' exists to solve banking's problems, FSA chairman Adair Turner said today.

In September the Financial Ombudsman Service (FOS) published company specific complaints data for the first time while the ABI has published company aggregated data.

Sometimes a number of factors come together unexpectedly which provide an opportunity to re-think procedures that have been applied for a long period of time.

The implementation of the RDR, in consultation until 30 October, will impact on protection, both through the providers and directly on IFAs. Stephen Gay, director of distribution development at Aviva Life, Robert Kerr, head of distribution development...

The protection industry is expecting a reduction in the number of IFAs post RDR of from 20-50%, depending on the survey chosen. Will this impact on sales of protection and will this prompt the resurgence of in-house sales forces - the man from the Pru?...

Confusion will reign among consumers if advisers are forced to divulge to clients the total expense ratio (TER) of their investments in mandatory disclosure documents, industry figures argue.

The newly formed Sesame Bankhall Group has appointed Mark Penton to the role of company director of its retail distribution implementation project.

The variety of qualifications available to financial advisers must be simplified and better communicated to consumers if the industry is to succeed in increasing take-up of advice, Which? says.

LV= says it welcomes further FSA moves to press providers into using realistic growth projections for retirement products.