FSA

The FSA has appointed Colin Lawrence as director of its newly created Prudential Risk division.

Five of the seven FSA staff assigned to supervise Northern Rock have left the regulator, it has been announced.

Friends Provident is coming under mounting pressure to start talks with would-be acquirer JC Flowers, The Telegraph reports.

The Association of IFAs (AIFA) has called on the FSA to follow the lead of other EU member states and stop ‘gold-plating' European legislation.

Brokers are being urged to consider the implications of the Retail Distribution Review (RDR) on the mortgage market.

The Retail Distribution Review (RDR) will cause the financial advice market to become segmented in the next five to ten years, according to Nick Cann, chief executive of the Institute of Financial Planning (IFP).

The FSA has helped investors to retrieve over £1m after they were illegally sold shares by unauthorised, foreign investment firms, known as boiler rooms.

Brokers should ensure they inform their customers of the options available to them if they are suffering difficulties with mortgage repayments, according to Mortgage Next.

A campaign designed to help consumers who may be worried about meeting their mortgage repayments has been launched by the FSA.

More than half of advisers are willing to seek more mass market business if the FSA can provide incentives to do so.