FSA

FINANCIAL TRADE BODIES have backed Tony Blair's claim the Financial Services Authority was "hugely inhibiting of efficient business", says the Daily Telegraph.

THE FINANCIAL SERVICES AUTHORITY has lost friends at the Treasury it seems - contrary to suggestions from the FSA last week - as the Chancellor has thrown his weight behind Tony Blair's criticism of the regulator, says this morning's Daily Telegraph...

Lifesearch is seeking fundraising opportunities from life insurance companies to help grow the protection business further.

Europe feautures heavily in this morning's papers yet again with several reporting the European Central Bank's (EBC) refusal to cut interest rates in the eurozone, leaving rates at 2% for the 24th month in a row.

We've finally reached depolarisation day and the moment when consumers can apparently shop around for the best deal in financial advice. At least that's the theory.

Claims by the FSA its fees have been reduced or left unchanged have been met with a call by Aifa for further reform in the way such fees are levied.

The Financial Services and Markets Tribunal has cut in half the fine originally imposed on Legal & General in January by the FSA for mis-selling endowment mortgages.

The industry has seen the sheer volume of regulation and administration rocket since the introduction of the Financial Services Authority in 2001.

The Financial Services Authority has denied research published yesterday into advice given on equity release and investment products is misleading.

The Financial Services Authority has this morning imposed an £800,000 fine on Abbey National - the biggest penalty yet for mortgage endowments complaints mishandling.