FSA

The ABI says it welcomes today's increase on cover for deposits to 100% of the first £35,000 of each depositer's claim but says this rise has gone far enough.

Insurance companies will be allowed to invest in a wider range of unit-linked assets, such as property, following changes announced by the FSA.

Following the FSA's warnings over Payment Protection Insurance (PPI), almost one in three new mortgage borrowers say they felt pressurised into buying an associated insurance product, according to market research company, Capital Blue.

The Association of Mortgage Intermediaries (AMI) says lenders can be equally responsible for mis-selling sub-prime mortgages in response to a BBC investigation broadcast on Radio 4 last night.

The FSA is urging advisers to thoroughly examine SIPP charging structures as alternative personal pension and stakeholder arrangements may be cheaper.

The Treasury Committee will question the FSA about its role in the Northern Rock crisis next month, according to a statement.

The FSA has for the first time spoken of the severity of the problems facing the UK financial services industry, its chairman last night declaring "these are not easy times".

Amanda Bowe today tells advisers: it is up to you, and not the FSA, to change the financial services industry.

The financial advice industry is likely to consolidate in the wake of the Retail Distribution Review (RDR), according to Thinc Group's Patrick Murphy.

The FSA, providers and advisers must act now to protect the 11 million policyholders with £190bn in closed with-profits funds, the Financial Services Consumer Panel (FSCP) has urged in a new report published today.