FSA

The FSA is proposing to split its insurance conduct of business regime into two categories and apply more stringent rules to protection products, which it deems a greater risk to consumers, than 'other general insurance' products.

Barclays' plans to shift its headquarters to Amsterdam as part of its £80bn negotiations with Dutch bank ABN Amro are likely to raise concerns about the firm's regulation by the FSA, reports the Guardian .

The Financial Services Authority should clearly state what action it intends to take if companies offering self-invested personal pensions continue to operate without approval after 6 April.

The FSA has explained the methodology behind its proposed new threshold system ensuring there are limits to the contributions made by firms to the Financial Services Compensation Scheme.

The FSA has proposed a radical overhaul of funding for the Financial Services Compensation Scheme which scraps the ‘pay as you go' system and requires advisers to pay a levy based on the income they earn from specific types of business.

It's fair to say that I've spent more time behind my desk recently than I usually do. That's sometimes not a bad thing - especially for the IFAs and journalists fed up with listening to me going on and on about Liverpool beating Barcelona…

Shortcomings in the payment protection insurance market may limit the extent to which lighter-touch regulation can be incorporated into the insurance conduct of business regime, suggests the Financial Services Authority.

The introduction of a generic advice service combined with the retail distribution review could change the regulatory landscape to allow IFAs to ‘focus' their advice and not have to complete unnecessary paperwork, according to the FSCP.

Patrick Snowball, executive director of Aviva, will criticise regulation of the insurance industry in a speech today, as he warns companies they need to work on increasing consumer confidence, says the Daily Telegraph .

IFAs could find it difficult to access funds in other countries because many member states have missed the deadline for transposing the Markets in Financial Instruments Directive, warns investment management consultancy Etheios.