News

The FSA could wrench the mandate to update qualifications standards from the Financial Services Skills Council (FSSC), and force a review of the criteria every three years.

The FSA says the cost of assessing qualification requirements - mainly stemming from plans to publish a qualification list - amounts to £60,000 each year.

Wealth adviser Towry has appointed former Aberdeen head of multi-manager Robert Dawkins as chief investment officer.

The FSA should give more emphasis to ongoing skill development and CPD when it assesses if firms are meeting Training & Competence requirements, advisers urge.

The FSA has banned sole trader Joseph Masi, trading as Select Mortgage Services, for breaching a settlement agreement with the regulator and providing false and misleading information to it.

The industry will have to cough up costs of £616,000 each year in order to comply with the regulator's ethical code of conduct.

The FSA will not push ahead with an ethical code just for investment advisers and has confirmed it will focus on key individuals within firms.

The FSA has announced plans to significantly beef up its Training and Competence (TC) regime, including imposing a 30 month deadline for individuals to complete all modules of qualifications required for their role.

HSBC has unveiled two ETFs based on MSCI indices tracking the US and European markets.

House prices fell slightly in May by 0.4% following a 0.1% decline in April, according to the Halifax House Price Index.