FSA

Professional indemnity insurance premiums rose at above inflationary rates in 2004 but are climbing at a substantially slower rate than previous years, according the Office of Fair Trading.

THE LIBERAL DEMOCRATS is attempting to overturn the new Sipps pensions tax break for the rich which is expected to cost the Government £2bn a year within four years, says this morning's Times newspaper.

Consumers investing in hedge funds, precipice bonds or split-capital investment trusts could in the future be required to sign a stronger ‘caveat emptor' waiver, according to proposals set out by the Financial Services Authority.

Perhaps it was inevitable, but this past week has seen some further focus on financial services for both children and youth.

The FSA has today confirmed it will not be releasing the names of three firms referred to enforcement proceedings following the regulator's first major review of ‘higher risk' smaller mortgage firms since M-Day last year.

The Association of IFAs is planning to release a guide on the new FSA regulatory reporting system in a bid to help intermediary firms complete the required data.

Financial intermediaries may be able to challenge regulatory action taken against them if it is based on data electronically-submitted to the Financial Services Authority (FSA.

THE GOVERNMENT could boost pension saving by £2.1bn a year if they offered small employers a tax credit to pay for financial advice for workers, insurers will tell work and pensions secretary David Blunkett on Thursday, says the Times .

The Financial Services Authority says it will take action against IFA "phoenix firms" which shift their assets into a new legal entity name and then 'dump' their old liabilities.

Health and regulation have been pushed into the spotlight this year with heads of the FSA and Aifa respectively announcing their withdrawal on health grounds from jobs that have profound impact on the work of IFAs.