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News

Regulation

FSA rules out FSCS class changes despite Keydata uproar

The Financial Services Authority (FSA) is refusing to change the Financial Services Compensation Scheme (FSCS) sub-classes, despite anger from advisers about having to pay for Keydata failure.

clock 25 July 2012 •

Regulation

FSA promises new regulator will not be retrospective

The Financial Services Authority (FSA) has promised that one of its replacement bodies, the Financial Conduct Authority (FCA), will not be a retrospective regulator.

clock 25 July 2012 •

RDR

FSA 'overstepped the mark' with PII letter - lawyer

The Financial Services Authority (FSA) has 'overstepped the mark' in a letter urging professional indemnity insurance (PII) insurers to pay out on Arch Cru claims, according to a lawyer.

clock 25 July 2012 •

Long Term Care

Professional advice on long term care funding is imperative - Partnership

The elderly and their families need to seek professional advice on long-term care funding, Partnership has urged.

clock 25 July 2012 •

Regulation

Watchdog 'unconvinced' by product levy for FSCS funding

The Financial Services Authority (FSA) has said it remains ‘unconvinced' about the idea of replacing the current Financial Services Compensation Scheme (FSCS) funding model with product levies, despite arguments it could create a fairer system.

clock 25 July 2012 •

Regulation

AIFA to challenge proposed FSCS threshold increase

The Association of Independent Financial Advisers (AIFA) will challenge a proposed 50% increase in the threshold for the investment intermediation class under the Financial Services Compensation Scheme (FSCS).

clock 25 July 2012 •

Investing in the profession

RSM Tenon appoints head of investment

RSM Tenon has appointed Keith Speck to the role of head of investment at the group.

clock 25 July 2012 •

Multi-manager

Diversification and outsourcing key to multi-manager popularity - poll

More than two-thirds (69%) of advisers think multi-manager funds will get a boost from the Retail Distribution Review (RDR), an industry poll has found.

clock 25 July 2012 •

Pensions

Wesleyan adds flex drawdown to SIPP

Wesleyan has added a flexible drawdown option to its self-invested personal pensions (SIPPs).

clock 25 July 2012 •

Regulation

FSA consults on raising FSCS adviser class threshold

The Financial Services Authority (FSA) has set out proposed changes to the funding of the Financial Services Compensation Scheme (FSCS).

clock 25 July 2012 •
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