FSA

Proposals to limit insider dealing and market manipulation have been outlined by the Treasury and FSA in a joint document consulting on how to implement the EU Market Abuse Directive in the UK.

New advice has been published by the Association of Mortgage Intermediaries to better explain the differences between MCCB and FSA compliance to help mortgage brokers planning to remain in the industry.

IFAs will not be able to adopt the FSA's proposed 'basic advice' regime because firms using this approach will not be allowed to say they are offering a "whole of market" service, warns the Association of IFAs.

Consumers may soon be able to receive 'basic advice' on the government's suite of stakeholder products after the FSA today revealed it is to consult on proposals to introduce a simpler and lower-cost advice regime.

Consumers might not bother to read the FSA's proposed depolarisation menu because it is "overly complex" and "too cluttered", warns the Association of IFAs.

The Financial Services Authority today announced it has appointed two new members to the Financial Services Consumer Panel.

Both the FSA and the financial services industry should take more responsibility for the way consumers are treated if they wish to see see confidence return, says the Financial Services Consumer Panel.

The FSA has fined Hargreaves Lansdown £300,000 for failing to notify investors in its Secure Growth Portfolio between 1992 to 2002 about changes to the levels of risk attached to underlying investments held through the service.

The Consumers' Association says the Treasury figure of 700,000 endowment policyholders who are now time-barred from making complaints is more than reason enough to demand an inquiry into when the FSA and Treasury knew so many people would be denied redress....

The FSA has published its proposed rules governing the sale of Child Trust Fund products, which will be broadly split into stakeholder and non-stakeholder types.