FSA

The Financial Services Authority (FSA) has revealed financial intermediaries are officially exempt from having to meet EU requirements for the Markets in Financial Instruments Directive but are likely to have to adhere to some of the standards set on...

The Financial Services Authority (FSA) will have limited powers to regulate the sale of self-invested personal pensions (Sipps) and will have to rely on consumer knowledge to avoid mis-selling, according to the Financial Services Consumer Panel.

THE AMOUNT of money invested in personal pension plans rose by 6% to £804m in the last quarter of 2005 compared with the same period last year, says the Guardian .

The Financial Services Authority (FSA) has published a guide urging senior managers of regulated firms to start preparing for the implementation of the Markets in Financial Instruments Directive (MiFID).

Support has been lent the FSA by the ABI over its work on capital adequacy, following publication of a briefing note over the regime adopted one year ago.

The Financial Services Authority is looking at the use of online financial promotions and will be taking a much tougher line on regulation of the mortgage industry, intermediaries attending this year's Mortgage Business Expo were warned.

PEOPLE WITH a private pension will have to put aside an extra £6,000 over their working life to compensate for the two years of lost state pension or retire at 67, an expert said yesterday, reports the Times .

The Treasury has now decided to leave the existing structure of investment trusts regulation unchanged, following its consultation with the industry, says the Association of Investment Trust Companies.

The Financial Service Authority is unlikely to give any more warnings over poor record-keeping in the sub-prime and self-certification mortgage markets, intermediaries attending this year's Mortgage Business Expo have been warned.

Financial services firms must take their responsibilities on fighting fraud and money laundering seriously or face enforcement action, warns the Financial Services Authority (FSA).