FSA

The FSA is hosting a number of free roadshows later this month aimed at financial and mortgage advisers and general insurance brokers.

In a move welcomed by the Government, Paul Thornton has recommended the Pension Ombudsman should become a jurisdiction of the Financial Ombudsman Service in a bid to speed up the resolution process.

The FSA is running a number of free surgeries for financial advisers, mortgage intermediaries and general insurance brokers.

Making consumers tick "I have read and understood" boxes when discussing product risks could stem unease over the commission system, according to a report published today.

FSA figures revealing 59% of intermediaries failed to meet the Treating Customers Fairly deadline in March has prompted threesixty to launch a series of TCF workshops available to all advisers.

The majority of IFAs, particularly smaller firms, will continue to use the Menu and IDD despite the FSA scrapping the documents, according to AIFA.

The FSA has withdrawn plans to include Initial Disclosure Documents and the ‘Menu' on top of the information requirements for the Market in Financial Instruments Directive.

Final FSA fees and Financial Ombudsman Service levies for the majority of firms will be lower in 2007/8 than proposals in February suggested.

Advisers will be classified in the future according to the services they provide with more qualifications required at the high net worth end, FSA director of retail policy Dan Waters has hinted.

A joint 500-page response from the FSA, Treasury and Government Actuary's Department has delayed the Parliamentary Ombudsman's report into the collapse of Equitable Life until at least the end of the year.