Hector Sants has confirmed that the FSA's definition of ‘whole of market' takes into account the fact that many mortgage deals are not offered through intermediaries.
The post-RDR ‘new world' of financial advice may be perfectly suited to alternative investments like Exchange Traded Funds (ETFs), according to Barclays Global Investors (BGI).
The FSA has not sacked a single member of staff over the failed supervision of Northern Rock it was revealed today.
A south London mortgage adviser has been banned indefinitely for doctoring seven mortgage applications and submitting them to lenders.
The FSA appears to be uncertain about the TCF implications of mortgage brokers no longer being able to access the best deals in the marketplace.
Market misconduct ahead of major takeover deals in London is on the rise, jeopardising the City's status as an international financial centre, the FSA warns.
A Surrey-based mortgage broker has been banned by the FSA from performing regulated business for reporting failures.
Millions of consumers could miss out on professional financial advice if the FSA's simplified advice and sales model is created, Aegon warns.
Banning payments from manufacturers to distributors, including commission, is not practicable at the present time, the FSA says in its RDR interim report.
The FSA is considering providing incentives for IFA firms who "do the right thing".