FSA

The ability of advisers to cope with new tools and improved functionality on wrap platforms has not been addressed properly by the FSA in its recent Platforms Feedback Statement , Rayner Spencer Mills Financial Consulting warns.

A "lack of clarity" from the regulator is causing adviser firms to question whether their in-house implementation of treating customers fairly (TCF) will be in line with FSA expectations, research suggests.

The FSA has fined its third small broker over selling high-risk shares since its crackdown began in June 2006.

AIFA has today called on the FSA to provide clarity to intermediary firms on the greater use of guidance in place of rules-based regulation.

Sub-prime and lifetime mortgage consumers are unable to make a distinction between receiving advice or information-only, according to findings published by the FSA today in the second stage of its Mortgage Effectiveness Review .

The FSA's first treating customers fairly (TCF) deadline has arrived, meaning advisers must have the relevant management information (MI) in place for inspection.

The FSA will hold free surgeries for small adviser businesses in the south-west next month.

The FSA has confirmed its commitment to a principles-based approach for regulating the platform industry.

A total of 95% of IFAs say customer-agreed remuneration (CAR) will be important to future business with solicitors and accountants, according to a Winterthur survey.

Alistair Darling is to give Britain's financial watchdog new powers to clean up the City by adopting a US-style whistle-blower system that will grant immunity from prosecution in return for evidence about market manipulation, The Guardian reports.