FSA

The FSA has followed up its recent suggestion for retail investors to get access to UK-based onshore hedge funds by proposing changes to its wholesale rules that would support such a move.

The FSA has warned investment advisers could face regulatory action if they continuously fail to give consumers the correct keyfacts documents about the firm's status and the charges menu, and at the right time.

With-profits investments are under scrutiny again from all quarters, whether it is in relation to transparency, mis-selling claims or consumer understanding of the product.

Bogus communications claiming to be from John Tiner, chief executive of the Financial Services Authority (FSA), are being sent to firms and consumers asking them to give personal information about their bank accounts.

The Financial Services Authority has unveiled a series of reporting measures which effectively make it possible to compare the performance and payouts of with-profits policies.

The Financial Services Authority (FSA) has launched a major financial education programme for 18-40 year olds, as evidence suggests younger people are less capable of managing their financial needs than their elders.

Firms will have to pay to receive the monthly CD-ROM containing the Financial Services Authority's (FSA) Handbook if proposals to end its free distribution are implemented.

The Financial Services Authority (FSA) has announced it will not implement its proposals for a full package of new disclosure material yet because of the "significant costs" involved.

The Financial Services Authority (FSA) has published a survey of the persistency of life and pensions policies with reasons why consumers let their policies lapse.

The FSA is to consult on proposals to allow retail investors access to authorised funds of hedge funds, in order to widen investment options and enable entry into this fast growing area of the market.