FSA

LEGAL & GENERAL exployed an eminent psychology professor yesterday to dispute the survey of "mis-sold" endowment customers conducted by the FSA, says this morning's Times .

Boiler room scams are mainly fleecing middle-aged professional investors, according to figures published by the FSA.

A new marketing campaign from Scottish Provident will target advisers with information on compliance and protection.

The new Personal Finance Society will merge into the Institute of Financial Planning in future years and withdraw from its links with the Chartered Insurance Institute, predicts this morning's first speaker at this year's IFP Forum for Success .

There is a case being assessed by the House of Lords at present, which could have serious implications for the financial services industry and the recognition of human rights.

Network Sesame has been hit with an FSA fine of £290,000 for failing to properly oversee one of its member firms in dealings involving early cash release from pensions.

The Financial Services Authority has issued a briefing note on closed with-profit funds which attempts to dispel both the myths around holding a closed book policy and consumer calls for compensation payouts.

The Financial Ombudsman Service needs to show it understands how the industry has evolved and improved over recent years as its decisions show signs of retrospection, suggests the Association of IFAs.

The Financial Services and Markets Tribunal has brushed aside technical arguments against the FSA's decision not to award new authorisation to an individual involved in the split capital investment trusts debacle.

Mortgage introducer MoneyNet has taken the bold step of suspending "a number" of its existing mortgage brokers who might have to stop operating once new regulations comes into force next month.