FSA

The British Bankers' Association (BBA) has called on the FSA to introduce a new ‘assisted purchase' distribution category as part of its response to the Retail Distribution Review (RDR).

The FSA has today banned a Bournemouth-based insurance and mortgage broker for submitting false mortgage applications.

Consumers do not consider the issue of an adviser's ‘independence' key to their decision to seek financial guidance from them, research suggests.

The Association of Mortgage Intermediaries (AMI) today warns a "read-across" of the RDR to the mortgage market without proper consultation could be dangerous for the industry.

The Treasury is planning to give the FSA more power to intervene at a failing bank and prevent a future Northern Rock-style crisis, it was announced today.

Financial advisers and brokers will need to introduce more sophisticated systems for managing commission payments in order to comply fully with the outcomes of the Retail Distribution Review (RDR), according to Callidus Software.

John Tiner, former chief executive of the FSA, has been awarded the CBE on the Queen's New Year Honours List.

Adding new labels to IFAs and adviser services in the RDR will only cloud consumer clarity and confidence, the Investment Management Association (IMA) warns.

The FSA has published a public censure of PB Roberts Limited for poor record keeping and publishing unclear advertising material.

The FSA has today published a discussion paper reviewing liquidity requirements for banks and building societies, following the freeze in liquidity which led to Northern Rock's near collapse.