FSA

FSA chief executive John Tiner has blamed European legislation for the continued stream of consultations emanating from Canary Wharf, in his speech to the regulator's Annual Public Meeting.

FOLLOWING CRITICISM of the chancellor's spending review on Monday, the Guardian this morning says Brown expects to plug the gap thanks to an improvement in financial services and the revenue earned by city workers' huge bonuses.

General insurance intermediaries will have to be authorised one way or another if they want to continue doing business as of 14 January.

The Treasury has commissioned Paul Myners to compile a review into the governance of mutual life offices to assess whether changes should be made following the Equitable Life fiasco.

THE CONSERVATIVE Party will ABOLISH the Financial Services Authority in its current form if it wins the next general election, according to a report in this weekend's Sunday Telegraph.

More comments have come in on the FSA's plans to reform the use of projection rates to avoid creating further misunderstanding in the minds of consumers as to what sort of returns they might expect from financial products.

Intermediaries need a consistent approach to the charges levied for FOS and FSCS membership later this year as costs for most advisers will be significantly higher, argues the Association of Mortgage Intermediaries.

The FSA has today revealed it is prepared to go after insider traders who work directly outside the financial services industry after fining a former PR executive for abusing insider information to his own advantage.

Of all the things the FSA is trying to fix, the news yesterday that it wants to 'fix' the consumer's 'misunderstanding' of projection rates must rank as one of the more unexplainable ones.

Firms holding with-profits funds worth over £500m will soon be forced to specify the expected financial liabilities of individual product groups and reveal any changes to its reserves.