FSA

PAUL DAVIDSON, the entrepreneur known as The Plumber, intends to seek £5m in costs after the Financial Services and Markets Tribunal found he had been unreasonably treated by the Financial Services Authority, reports the Daily Telegraph.

Firms have a long way to go before they can prove they are treating their customers fairly, says Stephen Bland, retail intermediaries sector leader at the Financial Services Authority.

Regulation of self-invested personal pensions next year could lead to a "concentration of the market", says Hargreaves Lansdown.

The Financial Services Authority's intention to apply the Markets in Financial Instruments Directive suitability requirements to non-MiFID firms is "unhelpful" for IFAs, says the Association of IFAs.

The FSA has confirmed it will now allow collective investments schemes to adopt either single or dual pricing as the manager sees fit.

Kevin Lomax, who has stepped down as chief executive of Misys, could still be a potential bidder for the group, says the Daily Telegraph .

The Financial Services Authority has issued rules on the regulation of personal pensions ahead of schedule.

Providers are not responsible for policing the actions of intermediaries, but have an obligation to monitor them "at a strategic level", says the Financial Services Authority.

Holders of 'contract for difference' packages should be required to disclose when they are selling their contracts in favour of buying the actual shares, the AITC is arguing.

Private equity bids for companies have frequently been derailed at the last minute after due diligence revealed company directors had deliberately misrepresented the true size of pension fund deficits, reports the Times .