FSA

Berkley Berry Birch (BBB) has withdrawn its appeal to the Financial Services and Markets Tribunal and been given 6 weeks to find £11m to fill the capital adequacy deficits of two of its subsidiaries before the Financial Services Authority (FSA) closes...

The Financial Services Authority has launched a pensions website for consumers providing information about A-day and urging people to review their pensions arrangements.

The Financial Services Authority (FSA) has got off to a faltering start in its drive to deregulate, meeting criticism from the City over its first concrete plans to scrap rules, reports this morning's Financial Times.

The role of the FSA, conduct of business regulations and European law will all be questioned by a special committee being set up by the European Parliament to investigate the decline of Equitable Life.

The Financial Services Authority has hit Aegon with a £750,000 fine for not revealing it had potential regulatory problems as a result of "serious systematic flaws" in mortgage endowment mis-selling complaints handling.

The Pep and Isa Managers' Association (PIMA) has asked the government to support transitional arrangements for the regulation of pensions, to allow consumers to take immediate advantage of A-Day flexibility.

The Financial Services Authority has announced money which mortgage intermediaries receive by way of commission against fee-based advice will fall outside the scope of the FSA's client money rules.

The Financial Services Authority has expelled IFA Theophilus Folagbade Sonaike, trading as F T Insurance Services, from carrying out regulated activities because of his convictions for housing benefit fraud.

Proposals to extend the circumstances in which the FSA is not required to consult on rule changes have been met with consternation by the Association of Independent Financial Advisers.

Harmonisation of European Union member state rules could result in the FSA becoming a mere supervisory body with the EU taking over its regulatory role, according to the Association of Independent Financial Advisers.