FSA

Industry and the FSA must create a summary box for every financial service products within the next six months to meet new 'guidelines' set out by the Treasury Select Committee.

This morning's publication of the Treasury Select Committee report into long-term savings confidence has challenged the financial services industry to develop a series of new initiatives in the hope it will boost consumer confidence in the long-term savings...

All financial services firms must do more to ensure customers are treated fairly, says the FSA, as its own scathing research suggests some advisers still recommend products according to remuneration prospects rather than the needs of the client.

Wesleyan Assurance Society and NFU Mutual have been awarded 10 out of 10 ratings for financial strength and stability by Cazalet Consulting's latest solvency research.

Charging FSCS levies based on annual turnover and complaints upheld might be a more effective way of covering the costs to the compensation fund, suggests one IFA.

Official response to feedback on CP204 has today confirmed the new rules applicable to major financial groups with businesses spread across banking, insurance and other areas.

IFAs are a little hot under the collar this week as invoices from the FSA relating to their levies for the next year reveal annual payments covering the Financial Services Compensation Scheme will increase by up to 375%.

Fees towards the Financial Services Compensation Scheme will increase by up to 375% next year to meet the FSCS' need for compensation funding.

Anthony Holland, chairman of the Northern Ireland Parades Commission and former principle ombudsman for the PIA becomes the next FSA Independent Complaints Commissioner on 3 September.

The Financial Services Authority is to cut the time it takes to complete regulatory investigations by a third, it has been revealed.