FSA

The FSA proposes a clear distinction between ‘advice' and ‘sales' in its interim RDR feedback review.

The minimum academic qualification for advice should be QCA level 4, according to the FSA's interim report on the Retail Distribution Review (RDR).

The FSA says firms must do more to protect the data security of their customers to prevent them falling victim to identity fraud.

The FSA has appointed Naguib Kheraj, a former finance director at Barclays, to help it prevent a future crisis similar to that seen at Northern Rock.

The FSA has banned a Derry-based mortgage broker indefinitely for not being competent to give advice and for leaving his business open to mortgage fraud.

The FSA has fined a mortgage broker £10,500 for offering unsuitable mortgages to consumers.

The Financial Services Consumer Panel (FSCP) has backed the FSA's bid to appeal against a decision to reduce a fine for a firm questioned over its involvement with overseas ‘boiler rooms'.

A decision to reduce a £150,000 FSA fine for a firm at the heart of ‘boiler room' accusations is being challenged by the regulator.

The FSA has fined third party administration firm Liberata Financial Services Limited (Liberata) £525,000 for failures in its systems and controls for producing and issuing documents to life and pensions policyholders.

Mortgage lenders believe all borrowing should carry a mandatory risk warning regulated by the FSA, according to research by repossession specialists Moore Blatch.