FSA

A mortgage broker has been banned for including his gambling winnings in his mortgage application in an attempt to secure an inflated deal.

The FSA has appointed Ken Hogg, currently interim chief financial officer at MGM Assurance, as insurance sector director.

The FSA has banned North London broker Akin Johnson for systems and controls failings which led to at least eight mortgage applications being submitted to lenders containing false and misleading information.

Keydata Investment Services has hit out at the FSA saying the regulator did not need to declare it insolvent and there "was another route out".

A mammoth 500% jump in the value of FSA fines handed out in 2008/9 compared with the previous 12 months may be repeated in 2009/10, a City law firm warns.

Regulatory levies for most IFA firms will rise by 4.8% in 2009/10 but this is well down on an anticipated 15% hike, the FSA confirmed today.

The FSA was too focussed on its role as a consumer protector in the run up to the financial crisis and failed in its oversight of macro-prudential requirements, according to a House of Lords committee.

In light of ever-changing customer needs and expectations, firms are constantly evolving TCF practices. Customer service specialist Derek Bishop explains how businesses can live up to TCF regulations.

Just how clear is the future for critical illness? Steve Casey outlines the factors contributing to the product's future.

Last month, I covered some of the outstanding matters raised in the IP Task Force White Paper that need to be resolved in order to remove any potential consumer detriment at claims stage for income protection (IP) insurance.