FSA

Care fees specialist Symponia has called for Criminal Record Bureau (CRB) checks to become mandatory for all financial advisers.

The Association of IFAs has criticised the FSA's proposal to support "industry guidance" as it is concerned too much emphasis is being placed on trade bodies to interpret and explain how regulations should be applied to firms.

The government is planning a pilot project of face-to-face guidance sessions to deliver information on retirement to people over the age of 50.

Structured products and spread betting will be subject to the Markets in Financial Instruments Directive (MiFID) appropriateness test for execution-only clients, says the Financial Services Authority.

The Financial Services Authority has proposed to modify the client categorisation requirements of MiFID to allow greater flexibility for out of scope firms.

The FSA has confirmed packaged products and IFA businesses not officially covered by the Markets in Financial Instruments Directive will fall under its new Conduct of Business rules.

All financial firms communicating with clients must ensure they do so in a fair, clear and not misleading way if the Financial Services Authority's proposals on financial promotions and communications are adopted.

The Financial Services Authority has delayed the decision over RU64 until the early part of 2007, because of the uncertainty over personal accounts.

The current regime for initial disclosure documents (IDD) and the Menu of commission and other charges - introduced with depolarisation last year - is to remain unchanged until at least 2008, the Financial Services Authority (FSA) has stated.

The Financial Services Authority and Teachers' TV are launching a series of programmes about personal financial education in schools.