FSA

The lack of FSA regulation in the small self-administered scheme (SSAS) market leaves IFAs open to criticism for client neglect, according to Premier Pension Services (PPS).

The FSA is not making a 'realistic attempt' to involve the wider IFA community in consultation sessions for the Retail Distribution Review (RDR), according to Phil Castle of Financial Escape.

IFAs wishing to continue advising European clients must opt back into MiFID and apply for a passport to provide these services before the November 1 implementation, AIFA warns.

The FSA fears firms will grow reluctant to discuss claims informally if it does not stand its ground in the Lautro 12 name-and-shame row.

The FSA is running free roadshows for financial advisers, mortgage intermediaries and general insurance brokers in Middlesbrough and Glasgow from September 18-20.

The FSA has fined mortgage broker, Hadenglen Home Finance Plc, and its chief executive for having inadequate systems and controls when recommending re-mortgages and PPI to customers.

The FSA is seeking to find the right balance between adviser qualifications and on the job experience to improve professionalism, RDR head Amanda Bowe says.

The FSA has fined Select Mortgage Services £10,500 for inappropriate business controls.

The FSA has reappointed Sir Anthony Holland as independent complaints commissioner for a second term.

The Association of Mortgage Intermediaries has appointed Richard Farr as its new director it was announced today.