TCF

FSA chief executive Hector Sants is today accused of making "completely contradictory" statements on the issue of dual pricing in an open letter from mortgage adviser Stuart Duncan.

Network members in the mortgage and general insurance (GI) sectors are not ahead of their directly authorised counterparts when it comes to compliance, new research from MS2M shows.

Hector Sants has confirmed that the FSA's definition of ‘whole of market' takes into account the fact that many mortgage deals are not offered through intermediaries.

The FSA appears to be uncertain about the TCF implications of mortgage brokers no longer being able to access the best deals in the marketplace.

Mortgage advisers are being hit with a new TCF broadside after claims they may be unnecessarily recommending homebuyers add set-up fees to their mortgage instead of advising they pay them up front.

Advisers can receive commission statements electronically and match them against their expected income after the latest launch by IFA technology provider Plum Software.

IFA Professional (IFAP), adviser network Tenet Group's support service for directly authorised advisers, has launched a compliance training day and a treating customers fairly (TCF) audit.

A "lack of clarity" from the regulator is causing adviser firms to question whether their in-house implementation of treating customers fairly (TCF) will be in line with FSA expectations, research suggests.

The FSA has fined its third small broker over selling high-risk shares since its crackdown began in June 2006.

The FSA's first treating customers fairly (TCF) deadline has arrived, meaning advisers must have the relevant management information (MI) in place for inspection.