FSA

Over a third of advisers believe an optional, industry-led qualification on with-profits advice would give them more confidence to guide clients.

The Financial Services Practitioner Panel has warned the FSA not to disrupt the current distribution system without proposing a "viable alternative".

Mortage firms which have failed to meet the FSA's deadline on Treating Customers Fairly (TCF) should expect a visit from the regulator by the end of June.

Future supervision of outsourcing firms will take into account industry guidance issued by the MiFID Connect project, says the Financial Services Authority.

Charterhouse Consulting Wealth Management has been fined £122,500 by the Financial Services Authority for carrying out discretionary portfolio management without permission and for various conduct of business failings.

The Financial Services Authority has moved to reassure the industry it will not bring enforcement action on the back of ‘good practice' industry guides once it moves to a principles based regime.

Firms will struggle to meet the latest FSA deadlines for implementing TCF, according to a new survey which suggests firms still prioritise new over existing customers.

The Association of IFAs has called for the Financial Ombudsman Service to follow the example of the Financial Services Authority and establish a small firms division.

The Retail Distribution Review provides advisers with an opportunity to move into a longer term customer focused business strategy, and opens up more possibilities for factory-gate pricing, claims Winterthur Life.

The Government is planning an International Centre for Financial Regulation (ICFR), City Minister Ed Balls says.