FSA

Around 700,000 endowment mortgage policyholders have been ‘time-barred' from making a mis-selling complaint to the Financial Ombudsman Service, alleges a Treasury report.

The FSA has imposed a £125,000 fine on Interdependence Limited for failure to properly oversee appointed reps who advised clients to withdraw cash early from their pension funds.

Compliance support firm Simply Lifetime has unveiled an IFA-targeted information guide looking at the rules for soon-to-be-regulated home reversion schemes.

Christopher Headdon, former appointed actuary and chief executive of Equitable Life, has been banned from holding a "significant management role" in any FSA regulated firm for the next six years.

IFAs are asking serious questions about who decides the cost of fee-based advice, following the FSA's suggestion last week £150 per hour is too much.

Three industry bodies have teamed up and created a working group for insurers and brokers to assist them with the FSA regulation coming into effect in a couple of months' time.

Increasing financial understanding in the UK will not help diminishing the current savings gap, says Communication Workers Friendly Society.

Advisers active in the long term care insurance market will be required to take "appropriate" examinations within two years of the introduction of new rules active 31 October this year, the FSA says.

The FSA has published fee figures for the 2005-6 year which it will charge at the same time as fees for the "rump" period of mortgage and general insurance regulation from their respective key dates of 31 October and 14 January until the end of March...

The FSA has spoken out concerning its "behind closed doors" meetings with split-caps provider firms and says it now intends to begin enforcement action against companies not prepared to cooperate.