FSA

The FSA has hit the UK operations of Credit Suisse with a £5.6m fine for controls and systems failings.

The FSA has banned a mortgage broker and his wife for submitting false income information on a personal loan application.

A mortgage broker has been banned and fined £100,000 by the FSA for fraudulent activities.

The Association of IFAs (AIFA) has backed the FSA's descision to delay publishing its full feedback statement on the RDR, arguing it is vital new managing director of retail markets Jon Pain is given time to settle into the role.

Mortgage advisers have done little to improve their affordability advice processes since last year, according to a new FSA review.

Just Retirement's group total sales were £763.5m for the year ended 30 June 2008, up 12.8% year-on-year on the previous year's £676.8m.

The FSA has warned it will come down hard on individuals or firms trying to benefit from false or misleading market rumours.

Liverpool Victoria Banking Services (LVBS) has been fined £840,000 by the FSA for failings in the sale of Payment Protection Insurance (PPI).

The FSA says eight individuals have been arrested and several search warrants issued across London and the South East in connection with a major ongoing investigation into insider dealing rings.

Jon Pain, a former MD of Cheltenham & Gloucester and ex chairman of the Council of Mortgage Lenders, has been appointed as the FSA's managing director of retail markets.