Consultation opened on how the regulator will be funded for 2023/24
Consumer say FOS sides with financial institutions
The Financial Services Authority (FSA) has set out the legal backing it received for its proposed £110m redress scheme for Arch Cru investors.
The FSA has extended its investigation into advisers who sold Arch Cru funds to include inherited or acquired clients.
The Financial Services Authority and Arch cru investors are caught in a 'Catch 22' deadlock over the release of information about Capita's role in the run up to the funds' suspension.
Financial advisers under FSA investigation are forced to undergo a police-style ‘interrogation' at Canary Wharf and are threatened with losing their permissions if they refuse to answer all of the regulator's questions, according to a solicitor close...
MP Mark Garnier has pledged to "pick up the baton and run with it" on the reintroduction of a 15 year long-stop for advisers, starting with lobbying the influential Treasury Select Committee (TSC) on which he sits.
The Treasury Select Committee (TSC) has written to FSA chairman Adair Turner asking him to make the findings of the investigation into bailed-out RBS public.
The FSA has been incredibly prolific and industrious recently with their thematic reviews and projects examining areas such as pension switching, structured products and platforms.
Developing a simplified advice scheme "as fast as possible" and regulating product design are among five recommendations the Financial Services Consumer Panel (FSCP) says would improve consumer confidence in the industry.