FSA

THE FINANCIAL SERVICES AUTHORITY is expected to announce a £200m settlement of the split capital investment trust scandal this week, involving 19 fund managers, brokers and banks, says the .

THE FINANCIAL Services Authority is operated by poor quality staff who have a "civil service mentality" and little understanding of the businesses they oversee, according to a report published in the Daily Telegraph .

Members of Equitable Life, the beleaguered life assurance company, have filed papers with the European Commission in their bid for compensation.

Clive Briault, FSA managing director of retail markets, has outlined the regulator's approach to the mortgage sector now that M-Day has come and gone.

There have already been a handful of comments in response to David Severn's appointment as AIFA and AMI director general.

David Severn, current head of retail investment projects at the FSA, has just been announced as the Association of IFAs' next director general.

Disclosing a ‘market average' of commission charges when providing a menu to clients could have an impact on whom advisers do business with in future, suggests Scottish Life.

The British Bankers' Association (BBA) has warned consumers buying financial products should evaluate the overall cost of the product as well as the quality of service, instead of focusing entirely on commission benchmarks.

Chapter five of the depolarisation policy statement reveals changes to the Financial Services Authority's cost benefits analysis after receiving responses to CP04/03 and which increase the overall cost of the financial advice depolarisation process....

The FSA has mapped out various structures designed to help firms ensure they are compliant with new rules set out by depolarisation, which have to to be implemented over a six-month transitional period, starting 1 December.