FSA

Firms selling critical illness (CI) cover are making efforts to meet the required standards but they need to do more to show they are treating customers fairly, says the Financial Services Authority (FSA).

The Financial Services Authority (FSA) has announced it will delay its decision on the future of RU64 following publication of the government's white paper on pension reform.

The Association of IFAs (Aifa) has raised concerns the Financial Services Authority (FSA) will force providers take a policing role over IFAs and cause a "competitive strain" on the market, despite denials from the regulator.

The Financial Services Skills Council (FSSC) is often mistaken as an organisation purely focused on setting exams, but in reality its work extends much further to influencing the FSA and laying out detailed standards for IFAs.

Industry experts argue the proposed removal of RU64 will not lead to a mis-selling crisis and, instead, suggest it will cause very little impact on the way advisers sell pensions.

MINISTERS HAVE MADE A last-minute plea to the Financial Services Authority not to go ahead with plans to relax rules on selling personal pensions, laccording to leaked government documents shown to the Guardian.

The Financial Services Authority's (FSA) proposals for implementing the systems and controls requirements of the Markets in Financial Instruments Directive (MiFID) will result in gold-plating, according to its latest consultation paper.

Octopus Mortgages has been banned from carrying out regulated activities after it failed to pay fees owed to the Financial Services Authority (FSA), despite repeated requests to do so.

FORMER DERIVATIVES trader Ashley Tatham is considering claiming £10m in lost earnings from the Financial Services Authority (FSA) on top of the likely £2m-plus bill for costs that the regulator is facing, reports the Telegraph .

The concept of ‘direct offer' business may have to undergo reform in the UK as proposals inside the MiFID directive suggest product purchases can only be considered ‘execution-only' if the client approaches the firm ‘on their own initiative'.