News

The FSA has made a major revision of the cost of adviser charging for intermediary firms, having previously said its implementation would require negligible investment.

The FSA's consultation paper 10/8 published today proposes retail investment firms must disclose protection renumeration.

The FSA has made a major upward revision of the RDR's costs in its policy statement today.

The FTSE was at 5708.41 in early trading, down 19.24 points or 0.34%, as investors reacted with caution to a eurozone bail-out plan for Greece.

The FSA's Sheila Nicoll has hinted today's Discussion Paper on platforms will hone in on rebates, transparency of charging and action the regulator can take to aid re-registration.

The FSA is considering making suitability reports mandatory for a wider range of financial instruments, including structured products, under a possible extension of its COBS rules.

It was June 2007, all of 33 months ago, when the FSA published its first Review of Retail Distribution.

The FSA is set to publish a Policy Statement (read: final rules) on adviser charging and service labelling later this morning.

A £20bn bailout plan to help debt-laden Greece has been agreed by all 16 eurozone countries.

The chief executive of Credit Suisse received $17.9m (£12m) in 2009, making him the best paid head of any investment bank on either side of the Atlantic.