News

Today's long-awaited FSA platforms paper addressed - if not resolved - all the key issues affecting product providers, platforms and distributors.

Care home providers are failing to inform local councils when residents die and continue to receive money for their care, new research reveals.

The Financial Services Authority (FSA) has deferred the introduction of rules requiring personal investment firms (PIFs) to hold more capital for two years to allow firms extra time to prepare.

The FSA said today it will stick to its guns and ban cash rebates, despite widespread industry opposition.

The FSA today said it wants to proceed with its plan, originally mooted in March 2010, to ban payments from fund managers to platforms.

The FSA said it will not write any additional rules for re-registration in light of the TISA project but said it could widen the scope of the re-reg requirement in the future.

Universal Provident has become the first private medical insurance (PMI) provider to release details of its paid claims.

The Financial Services Authority (FSA) has said it would be concerned if firms claiming to be independent made "extensive" use of a single platform, or only one which pays a rebate.

The FSA has updated its list of examples of good and bad practice by advisory firms when selecting and using platforms.

The cost of implementing the Financial Services Authority's (FSA) platform proposals has reduced from £174.6m to £103.8m as a result of its decision not to go ahead with its ban on cash rebates.