FSA

The Financial Services Authority board has confirmed it is going to keep in place the rule known as RU64.

More than 80% of advisers support the idea of a common level of commission to avoid perceptions of provider bias, according to a survey by Aegon.

The Consumer Panel has added its voice to the growing number of trade bodies and fund managers who are urging the Financial Services Authority not to apply lighter regulations to offshore companies wishing to seek LSE listings.

The Association of IFAs is calling for consumers to lodge a refundable deposit with the Financial Ombudsman Service to reduce the number of times when firms have to pay case fees.

The Financial Services Authority has confirmed it will merge the customer functions in its approved persons regime into a single category, saving firms a total of £1m a year.

The Financial Services Authority is coming under mounting pressure from City investors to clarify the rules which apply to foreign companies listing their shares in London, says the Guardian .

Half of the Association of Mortgage Intermediaries' members have yet to reach the ‘implementation' stage of the treating customers fairly principle, according to the association's latest census.

The Financial Services Authority has fined Regency Investment Services £14,000 for not obtaining enough personal and financial information from customers with small pension pots before advising them on income withdrawal.

One in five advisers considers the FSA's Review of Retail Distribution as a "threat" to the industry while one in four don't know the impact it will have, a survey reveals.

IFA Promotion is introducing a weekly checking service against Financial Services Authority data to ensure all IFAs currently listed on its database are fully authorised by the regulator.