FSA

The FSA has re-appointed Tim Herrington as chairman of its Regulatory Decisions Committee (RDC).

Freedom SIPP has closed to new business due to administrative deficiencies identified by the FSA.

The FSA's templates for initial disclosure documents (IDD) and menus have a higher number of non-compliance problems among firms that use them compared to those who create their own versions.

The FSA has been urged to go after the main culprits of the financial turmoil, such as the banks, and not lay the burden on consumers.

The FSA has fined two private investors just under £20,000 for "market abuse" as a result of the disgorgement of profits made on transactions where they had inside information.

Financial advice provision in the UK is likely to suffer following the introduction of the Retail Distribution Review's (RDR) requirements, the FSA's advisory panels have told MPs.

David Ingram, partner at support services provider threesixty, has criticised the FSA's 'gold-plating' of capital adequacy requirements for adviser businesses which he believes could impact on the competitiveness of UK firms.

The FSA has fined an Oxfordshire businessman £35,000 for falsely claiming to be authorised, marking the first enforcement case of its kind in the regulator's history.

Small firms are far less satisfied with the FSA's performance than their larger counterparts in key areas such as the burden of regulation and their relationship with the regulator.

The Consulting Consortium (TCC) has announced it will offer a free pension transfer review to advisers.