FSA

WORKERS AT Royal Bank of Scotland, one of Britain's biggest companies, will be given the option of receiving cash in hand rather than saving for their retirement after plans to close the bank's final-salary pension scheme, reports The Times .

Using "intelligent copy out" to implement the Markets in Financial Instruments Directive (MiFID) will result in prescriptive rules and legalistic wording, according to Dan Waters, director of retail policy at the Financial Services Authority (FSA).

Paul Tebbutt has stepped down as chief executive and director of Millfield with immediate effect, the IFA firm has announced.

The Association of Mortgage Intermediaries (Ami) has launched a factsheet to inform members about the different types of credit search used by lenders in the mortgage process.

John Tiner, chief executive of the Financial Services Authority (FSA), has admitted the body needs to be more responsive and less risk-averse to concerns over its principles-based approach to regulation.

The Financial Services Authority may yet scrap Key Features Documents next year in favour of consumer ‘Quick Guides', suggest details of the latest MiFID-related document.

The Financial Services Authority (FSA) has confirmed it will apply the Markets in Financial Instruments Directive (MiFID) to out of scope firms, including IFAs, where it is appropriate and proportionate.

Research into top mortgage brokers identified by advertising "visibility" through television, press and the internet suggests the level of broker fees charged may be linked to how financially desperate customers are, and could be contrary to the FSA's...

The Financial Services Authority (FSA) has said it could regulate the suitability of advice given to people opting out of a National Pensions Savings Scheme (NPSS) should it be introduced.

Mortgage lenders are less likely to use IFAs if the Financial Services Authority (FSA) shifts responsibility for advice onto them, warns Michael Coogan, director general of the Council of Mortgage Lenders (CML).