FSA

An FSA investigation has revealed there is less unauthorised mortgage business being done than anticipated but a second study is being conducted as the FSA is uncertain how many network members have correct authorisation.

NORWICH UNION is the latest company to "ditch" the pensions sector for more profitable business, reports this morning's Scotsman, after yesterday calling for large-scale deregulation of the pensions market.

The FSA has appointed Margaret Cole, partner in law firm White & Case, as its new director of enforcement.

Collective investment schemes will be required to publish the reduction in yield as well as the total expense ratio of any unit trust or OEIC investment, under final rules for the simplified prospectus.

The Council of Mortgage Lenders (CML) has warned the European Commission may yet draft a mortgage credit directive despite its successful effort to keep secured loans out of the forthcoming Consumer Credit Directive.

The Association of British Insurers (ABI) is urging the Financial Services Authority (FSA) to improve its enforcement procedures to provide "greater transparency, objectivity and certainty."

The Financial Services Authority has plans to launch a product risk assessment tool later this year which is designed to act as an early warning against potential problems for consumers.

The Financial Services Authority (FSA) has warned of a new tactic used by ‘boiler rooms' to con investors and small businesses in the UK

Exeter Asset Management and Teather & Greenwood have both agreed to contribute a combined fund to the split-caps compensation payout worth £1.3m, in a deal separate to the larger package negotiated at Christmas.

An on-line training aid to help firms protect themselves from identity fraud is being launch tomorrow by CIFAS, the Uk's fraud prevention service.