FSA

The Institute of Financial Planning is launching a series of ongoing fee-based workshops later this year for intermediary firms who want to make the shift away from commission-based remuneration.

The Financial Services Authority is encouraging interested parties in the financial services industry to offer their views of the enforcement process in its latest review.

IFAs should be able to maintain their independent status under depolarisation and use packaged products from life companies, says the AIFA, despite recent comments from the FSA to the contrary.

Iimia subsidiary Exeter Fund Managers has been put into administration after failure to agree with the FSA on a solution to losses associated with split capital investments.

The Financial Services Authority has begun its study on the costs of regulation, which pays particular attention to the impact on small firms.

The Association of IFAs has questioned the way in which some of the depolarisation menu market averages have been calculated by the FSA.

Financial services firms are being advised to carefully prepare for the FSA's new electronic reporting requirements, as firms are expected to disclose information from July 1st which is equivalent to a six-monthly FSA visit.

UK financial advisers ought to be exempt from complying with an EU directive requiring firms to hold increased capital adequacy positions, the FSA has told government officials

Promotors of newly-regulated financial services products have been put on notice the FSA's oversight of brochures and advertising is gathering pace.

THE BITTER DISPUTE between the Financial Services Authority and Legal & General over mortgage endowment mis-selling has flared up again, says the Daily Telegraph , as the insurer has demanded access to the regulator's secret papers.