FSA

The government should offer tax breaks to employers if it wants to close the Savings Gap, according to financial services firm Origen.

Insurance firms and intermediaries are being urged to report suspected criminal behaviour to the Financial Services Authority as part of its work to reduce the level of financial crime.

Calls from employers and the insurance industry to amend age discrimination laws to prevent the costs of insuring older workers against death and long-term illness from soaring have been rejected by ministers, reports the Financial Times .

The Financial Services Authority is proposing to replace its training and competence 'commitments' with an overarching 'competent employees' requirement - contained in MiFID - and apply it to all authorised firms.

The FSA is suggesting the quality of advice delivered to retail consumers is not good enough to warrant removing all prescriptive rules of the Training and Competence regime.

Half of consumers believe it is compulsory to buy life insurance when taking out a mortgage, according to a survey from the Financial Services Authority.

The Financial Services Authority's decision to keep the RU64 rule could actually lead to mis-selling rather than preventing it, ahead of the introduction of personal accounts, claims EveryInvestor.

The decision by the Financial Services Authority to keep the RU64 rule in place is "quite immaterial" for the majority of IFAs, says Aifa.

JOHN McFALL, CHAIRMAN of the influential Commons Treasury select committee, has joined critics of the FSA's "light-touch" regime for overseas investment funds, according to the FT.

The Financial Services Authority's decision to keep in place rule RU64 has prompted a mixed response from advisers.