FSA

The Financial Services Authority (FSA) has reduced the deficit in its defined benefit pension scheme by £7.4m in the past year.

Setting up the Prudential Regulation Authority (PRA) could cost up to £150m, the Financial Services Authority (FSA) said today.

The rise in costs in the Financial Services Authority's (FSA's) latest invoice could encourage firms to manipulate figures to achieve a lower bill, an adviser has warned.

The executive team at the Financial Services Authority (FSA) shared out more than £300,000 in bonuses in the 15 months to the end of March, although chief executive Hector Sants handed his to charity.

Hector Sants has warned London's position as a global financial Centre is under threat due to the UK financial sector not rethinking its business models quickly enough in the face of political upheaval and regulatory change.

The Financial Services Authority (FSA) has publicly censured Principal Mortgage Services Limited (PMSL), a mortgage broker based in Worcester, for failing to give suitable advice on interest-only mortgages.

Financial secretary to the Treasury Mark Hoban has stressed the twin peaks regulatory regime will be accountable to Parliament.

A new, standalone British bank under a revived TSB brand could be brought to market after Lloyds Banking Group struggles to complete the sale of its 632-branches known as 'Verde'.

CONDENSED

The Financial Services Authority (FSA) has expressed concerns about provider preparedness for changes set to be introduced following the Retail Distribution Review (RDR).