FSA

The Treasury Committee announced last week it wants to extend the Citizens Advice Bureaux's project of working with IFAs on a pro bono basis as part its work on promoting financial inclusion.

The Treasury is clawing back millions of pounds in tax from a government fund set up to help people whose occupational pension schemes collapsed, according to the Scotsman .

Jersey Financial Services Commission has issued a consultation paper on proposals to streamline the authorisation process of close-ended funds.

The retail distribution model is in question because of its lack of transparency, rather than its use of commission, says Brett Davidson, managing director of FP Advance.

The Treasury Committee has called for an increase in the funding of generic financial advice as part of its report into the promotion of financial inclusion.

The Financial Services Authority has raised concerns the move to higher income multiples on mortgages and a possible change in economic circumstances could result in more consumers falling into debt.

Criticisms of the retail financial distribution model by the Financial Services Authority and the Ombudsman Service, particularly over the use of commissions, have provoked a flurry of angry responses from IFAs.

Criticisms of the retail financial distribution model by the Financial Services Authority and the Financial Ombudsman Service, particularly over the use of commissions, have provoked a flurry of angry responses from IFAs.

The Financial Services Authority has reduced its market average figures for financial advisers to use in their menus.

Banning commission would put financial intermediaries under increased pressure and could potentially put them out of business, IFAs have said.