FSA

Advice firms must send the Financial Services Authority (FSA) data on all of their advisers' professional standards by the 29 January 2013.

DOG'S BREAKFAST

A professional indemnity (PI) insurer has hit out at a proposed £110m redress scheme for Arch Cru investors, saying it is fundamentally flawed and could cause "substantial damage" to IFA firms.

A major section of the new Retail Mediation Activities Return (RMAR) form has been branded "unworkable".

Former Financial Services Authority (FSA) chief executive Hector Sants is in talks to join accountancy firm Deloitte as an equity partner, according to reports.

The Financial Services Authority (FSA) has publicly censured a mortgage broker who "recklessly" submitted incomplete mortgage applications for himself.

DRIVING SEAT

The Financial Services Authority (FSA) is proposing emergency measures to intervene in the sale of products where it judges mis-selling, flaws, or other problems to consumers.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

Peter Hargreaves, executive director of platform giant Hargreaves Lansdown, has revealed the business intends to move all its clients over to clean fee share classes to meet regulatory changes.