FSA

A reminder the new long term care insurance regulations come into effect at the end of this month mean the clock is ticking for advisers who want to retain authorisation to sell this type of product, the FSA says.

The Financial Services Authority created its own email security breach on Friday as it revealed confidential details of around 100 financial intermediaries.

PYV has opened the professional indemnity insurance market following a deal with Chubb Insurance, just as IFAs need extra capacity.

The FSA will next month reveal further details of the "basic advice" regime which is now being implemented from April 2005.

The Financial Services Authority has fined Capita Trust Company £300,000 and agreed £3.5m in compensation for mis-selling precipice bonds after buying the business from Royal & SunAlliance in 2001.

The FSA will next month reveal further details of the "basic advice" regime which is now being implemented from April 2005.

The Government told Treasury Select Committee members it had expressed concerns about the realistic possibility of creating a summary risk rating tool for financial products, according to its response to recent TSC proposals.

Streamlined rules on anti-money laundering requirements should answer criticisms of an existing heavy-handed approach that is turning off customers and imposing un-necessary costs on businesses, the FSA says.

Government response to the Treasury Select Committee's report Restoring confidence in long-term savings suggest the "summary box" and "traffic light" approaches to improving consumer understanding and confidence have got the thumbs-up.

Plans to create a recognised international standard of financial planning are being unveiled in London this evening.