FSA chief executive Hector Sants has warned against IFA firms using performance rewards, saying they could be breaching its treating customers fairly (TCF) principle.
The FSA has fined an adviser firm £10,500 for exposing consumers to the risk of being sold unsuitable equity release products.
The FSA has stripped detailed regulations from its investment product advertising rulebook.
The FSA will run surgeries in northern England for IFAs next week.
The Association of Mortgage Intermediaries (AMI) has launched a campaign to help members meet the March deadline for complying with FSA rules on treating customers fairly (TCF).
For years the network propaganda machines have always played down the fact that the clients (or client files) of member firms are actually ultimately owned by the network itself. Although this fact is always conveniently remembered when a member firm...
Many people are being advised to use equity release before they retire in order to consolidate their debts in what could be a serious breach of TCF, warns Duncan Young, managing director of equity release provider Retirement Plus.
The ifs School of Finance is to hold a free breakfast briefing to help financial and mortgage advisers comply with FSA principles on treating customers fairly.
TCF Info, an online resource supporting mortgage intermediaries in treating customers fairly (TCF), has today received the support of 18 additional mortgage lenders.
The FSA will visit small IFA firms as a deterrent to anti-treating customers fairly (TCF) behaviour.