FSA

A computer error led to 7,000 Aegon income drawdown customers receiving overpayments.

The FSA has fined London-based investment bank and stockbroker Seymour Pierce Limited £154,000 for failing to detect employee fraud carried out over three years.

The Financial Services Consumer Panel (FSCP) has welcomed the announcement of FSA action and an industry-wide refund on Mortgage Payment Protection Insurance (MPPI) totalling £60m.

Advisers are more confident now than they were two years ago the RDR will enhance their professional status and reputation, despite continued ill-feeling toward other proposals in the review, research suggests.

The FSA and Mortgage Payment Protection Insurance (MPPI) firms have agreed to refund approximately £60m to customers by the end of 2010.

The FSA and Mortgage Payment Protection Insurance (MPPI) firms have agreed an industry-wide package of measures for consumers.

The FSA has censured two senior figures at Dresdner Kleinwort for committing market abuse.

Axa's Graham Harvey asks if proposals to 'read-across' the RDR to protection risk demeaning the treating customers fairly (TCF) principles...

SIPP charges are slowly coming down but charging structures remain confusing for advisers and clients, writes Paul Burgin

The unique selling point of SIPPs remains the investment flexibility offered. But Matt Ward, wealth management consultant at Defaqto, asks whether IFAs are putting this flexibility to good use