FSA

The FSA has fined investment adviser TBO Investments Limited (TBO) £28,000 for failing to clearly document the explanation of transactions risks to clients.

The Reduction in Yield (RIY) disclosure requirement for authorised funds is 'innacurate and misleading' and should be scrapped, the IMA says.

Two directors have been censured by the FSA for failing to ensure their firm had appropriate procedures in place to ensure customer received suitable mortgage advice.

A mortgage broker has been banned and fined £100,000 by the FSA for exposing customers to the risk of receiving unsuitable advice.

Bradford & Bingley was tracked for months prior to being nationalised by the Treasury, according to Lord Adair Turner, chairman of the FSA.

MPs are being urged to give the FSA time to get the Retail Distribution Review (RDR) right, rather than completing it quickly.

The FSA is warning firms to ensure pension savers receive suitable advice when tranferring protected rights into a SIPP.

The Association of IFAs (AIFA) is offering advisers the chance to chat directly with its policy director ahead of the next phase of the RDR in November.

The FSA has fined a mortgage lender for the first time for exposing its borrowers to financial loss.

Gordon Brown says the temporary ban on short-selling certain financial stocks may evolve into more permanent controls.