FSA

A move to industry guidance confirmation is not an attempt by the Financial Services Authority to outsource rule-making to trade associations, claims Dan Waters, asset management sector leader at the FSA.

The Financial Services Authority has fined Trigon Pensions Limited £10,500 for failing to monitor advisers effectively at its appointed representative, Trigon Financial Services.

The Financial Services Authority's firms online reporting tool is likely to be down for system maintenance this weekend.

The Association of Mortgage Intermediaries has raised concerns the Financial Services Authority's proposal to ‘confirm' industry guidance will hinder its ability to criticise the regulator.

For what is essentially a quango, the FSA has managed quite a feat in boosting its budget by not just twice but more than thrice the CPI target cited by HM Treasury in every other form of Whitehall negotiation.

The Office of Fair Trading has referred the payment protection insurance market, including mortgage PPI, to the Competition Commission for further investigation following its consultation with businesses, consumer organisations and trade associations....

The British Insurance Brokers' Association says it is launching a series of payment protection insurance products with enhanced benefits and improved commissions to boost intermediary and consumer confidence in the market.

The treating customers fairly principle requires firms to identify all customers who may have been missold or received poor service and invite them to claim for compensation, says law firm Reynolds Porter Chamberlain.

IFA Promotion has asked the FSA to consider a change in its information requirements from intermediary firms, which would clearly state the way IFAs are paid for advice given.

The majority of financial advisers believe IFAs will eventually be wiped out by the Financial Services Authority's retail distribution review, according to an IFAonline industry straw poll.