FSA

Clients must be on risk before midnight on 5th December to benefit from tax relief on pension term assurance policies, according to HMRC.

The Financial Services Authority has fined Home and County Mortgages Limited £52,500 for inflating customers' incomes on mortgage applications and failures in its sales processes.

Stephen Haddrill, director general of the ABI, has outlined further objectives he believes should follow the switch to principles-based regulation of financial services.

It was interesting to sit and listen to the AIFA chairman's comments relating to the FSA at their recent dinner.

The IMA says the FSA should allow hedged share classes for open ended funds to ensure London does not lose out to financial centres such as Dublin and Luxembourg.

The Financial Services Authority will be assessed on its regulatory performance, adherence to the Hampton principles and 'value-for-money' next year, the Treasury has announced.

The Association of IFAs has raised concerns the Financial Services Authority is trying to accomplish too many things at once and firms may not be able to cope with the level of change.

The Financial Services Authority has barred John Vincent Burton, director of Mortgage and Finance Club Limited, for his failure to protect against fraudulent mortgage applications.

The Financial Services Authority's product information disclosure rules are costing the industry an estimated £225m each year, according to a report by Real Assurance Risk Management.

LONDON'S LARGEST investment banks are to face a wide-ranging probe into their measurement and management of collateral amid concerns some may not be properly prepared for a sudden market downturn, according to the Financial Times .