FSA

The Association of Mortgage Intermediaries is warning its members they have until midnight on 31st March to lodge their applications for regulatory approval or lose out on discounted application fees.

Reports the FSA is adopting a weak approach to soft commissions and bundling are WRONG and the regulator will pounce if the industry is unable to successfully trial its own solution by December, warns FSA chief executive John Tiner.

FSA CHAIRMAN Callum McCarthy has accused Britain's life assurance industry of "irresponsible behaviour" and sales practices, according to this morning's Scotsman.

Retail investors should have access to a wider range of investment opportunities and product features as well as better information about the progress of their investments, under new rules for collective investment schemes.

Consumers who fall into the Financial Services Compensation Scheme could receive a maximum potential compensation of £48,000 should a mortgage or insurance intermediary firm collapse - the same as a claim for an investment firm.

The FSA has hit Zurich subsidiary Allied Dunbar Assurance with a £725,000 fine for failing to properly review claims of endowments mis-selling.

There is little evidence of illegal late trading in the UK funds market, but there seems to be slight evidence of market timing abuse of UK authorised collective investment schemes, suggests the Financial Services Authority.

Consumers should be wary of unlocking their pensions as there is a high risk of a reduced level of income in retirement, warns the FSA.

RUTH KELLY MP and Lord Penrose, author of that all-important report into the near-collapse of Equitable Life, are up in front of the Treasury Select Committee this morning, says the Times, so policyholders will be watching closely to see whether their...

The Financial Services Authority has today appointed three new managing directors in its latest bid to revamp the regulatory body.