FSA

Mortgage lenders who substantially increase exit fees between agreeing the contract term and the consumer exiting the mortgage are acting unfairly, according to the Financial Services Authority (FSA).

TOP INSURANCE companies are calling for urgent talks with the FSA over the possible risks to customers of the government's drive to allow more choice for pension investment from next year, says the Scotsman .

The Financial Services Authority (FSA) has appointed two new directors today and announced some moves among existing directors.

The Financial Services Authority (FSA) is to carry out a review the effectiveness of its general insurance regulatory regime.

IFAs must review their clients and speak to those who will be affected by A-Day, according to the FSA.

FSA chairman Callum McCarthy's latest speech again raises questions about the strategic direction of the organisation.

Regulation is required but only where it does not impose an "unnecessary burden" to retail financial services, Callum McCarthy, chairman of the FSA, said last night.

An IFA has hit out at the Financial Services Authority after a £25,000 fine for what the regulatory body describes as "serious systems & controls, risk management and compliance failures".

Pensions reform features heavily in this morning's papers with the government's tax plans coming under fire and pensions fund trustees being warned they could face legal action fior failing to take their share from US securities class actions.

IFAs could be worst affected by requirements to implement the Capital Requirements Directive because of the impact it will have on calculating capital.