FSA

Financial services companies have lived with TCF for a while. Alistair Sclare considers whether it has been worth the pain of implementation.

A former Bank of England employee has replaced Sheila Nicoll as FSA director of retail firms.

The boss of the UK's financial services watchdog says a new tax on banks could help prevent excessive bonus payments in the industry.

The ABI will create a new investment sector called Deposit & Treasury, which will have stricter limits than the existing money market category.

AXA Winterthur Wealth Management is calling on the FSA to clarify the position under the new RDR framework for financial advisers who have already reached QCF Level 4.

The director of a Cornwall-based IFA has been slapped with a £17,500 fine for failing to tell the FSA about an employee's suspect methods and ethics.

The FSA has awarded around a fifth of its workforce a 10pc pay rise to compensate them for the regulator's decision to close its final salary scheme to existing members, according to The Telegraph.

Plum Software has partnered with identity management specialists GB Group to launch an electronic identity checking service to help IFAs avoid breaching FSA regulations.

Creditors of the defunct Wall Street bank Lehman Brothers have been dealt a blow after the High Court rejected a scheme put forward by the administrators for the firm's European arm.

The Association of Mortgage Intermediaries (AMI) has urged caution over "unnecessary regulation" which it believes is unlikely to have the desired effect on the UK market.