FSA

The FSA has published two separate factsheets for consumers regarding guidance for retirement planning.

The government as responded to calls for a reduction in the amount of business regulation by announcing requirements will be cut in favour of a risk-based approach, under proposals unveiled today for the Better Regulation Action Plan.

The Financial Services Authority (FSA) has appointed auditing firm Deloitte to perform research among regulated firms as part of an effort to approximate the real costs of financial regulation.

Cost of regulating the mortgage industry has been far greater than anticipated whereas the benefits of being monitored by the Financial Services Authority have yet to be realised, industry experts said yesterday.

Money Box's programme on The Sins of Commission and possible solutions to the public perception of IFA commission generated a plethora of responses market ranging from criticism of the journalistic bias to support for fund manager performance-based...

A review of standards of Key Facts Illustrations (KFIs) and Initial Disclosure Documents (IDDs) by the FSA has resulted in a ‘Dear CEO' letter sent out to all mortgage lenders warning that standards must be raised.

The BBC's Money Box will tonight broadcast a programme at 20:02 suggesting commision bias is still a problem across the financial services industry.

Financial services companies have discovered the interpretation of Treating Customers Fairly requirements can differ from each department within one company even though the FSA requires firms to set out a management chain of responsibility.

MORTGAGE LENDERS are priming themselves to cut loan rates this week on the prospect of a future rate cut, saving homeowners with a £150,000 mortgage more than £400 a year, says the Times.

A book is being launched into the IFA market next week which helps firms tackle consumer complaints and assess whether compensation should be paid.