FSA

Barclays is the latest firm to impose a timebar on mortgage endowment complaints for policies advised by Barclays Life and Woolwich Life.

The Financial Services Authority has launched a nationwide crackdown to weed out mortgage brokers who are operating illegally.

The Liberal Democrats have launched a ten-point action plan to tackle household and consumer debt which, among other ideas, calls on the FSA to investigate mortgage payment protection insurance.

The Financial Services and Markets Tribunal has for the first time today upheld a decision by the Financial Services Authority to refuse an application for authorisation to carry out regulated activity by a company and its three individuals.

The Financial Services Authority says the message at its first IFA conference next week is take advantage of the changing market or get left behind.

The FSA has launched a new section on its website to keep financial services firms informed every month of progress on EU directives and attached regulatory changes.

The Financial Services Authority is consumer-testing keyfacts documents to be extended across the entire regime of advised products.

Aegon's director of corporate development Laurie Edmans has been appointed as one of five non-executive directors of the new Pensions Regulator.

The FSA's move yesterday to persuade consumers to reassess the contracting in or out status of their pensions has prompted comment from one IFA who questions whether the City watchdog is setting advisers up for another fall.

The FSA has issued guidance on their website alerting people to reassess their current status of being either contracted in or out of the Second State Pension, in anticipation of the end of the tax year.