FSA

The FSA has reminded firms of the complexity of DB pension transfer decisions for consumers, following evidence the number of direct transfers made without advice is increasing.

Adviser firms wishing to use the FSA's new ‘simplified' disclosure document could find themselves having to wade through up to 60 explanatory notes before they can construct their consumer guide.

Mervyn King has told MPs he would have liked the ability to trigger the special resolution regime to rescue the failing Northern Rock.

The FSA has today set out its approach for tackling mortgage fraud, which it says will make it harder for criminals to escape punishment.

The FSA has publicly censured Mandrake Associates Limited (MAL) and prohibited its director from customer functions in financial services for poor handling of mortgage endowment complaints.

The FSA has banned yet another mortgage broker for involvement in fraudulent activities.

The FSA has banned two mortgage brokers for giving potentially unsuitable advice to around 250 customers.

The FSA has banned and fined a mortgage broker for exposing around 500 customers to the risk of receiving unsuitable advice.

The FSA is urging UK listed companies to protect their shareholders from boiler room scams by sending them warnings.

Three in four advisers are still producing suitability reports manually despite the time and cost penalties involved, says 1st - The Exchange.