News

Insurers are planning to introduce a new product to help companies limit the financial fall-out when their brands or high-profile spokesmen such as Tiger Woods suffer reputational damage, reports the Financial Times.

The FSA strenuously denies "giving in" to advisers who say they are uncomfortable sitting exams after raising the possibility they may be tested via practical assessments, coursework and e-learning.

Changes to the labels ‘independent' and ‘restricted' for the protection market will confuse advisers and consumers alike, say industry experts.

The FSA's proposal to ban commission for group personal pensions (GPP) sales is ‘fraught with problems', according to Standard Life's John Lawson.

Paradigm Partners has signed up its 300th IFA firm.

The cost of a ban on commission in the group personal pension (GPP) market could be as high as £420,000 for the largest adviser firms.

The Financial Services Compensation Scheme (FSCS) has appointed Kate Bartlett director of operations.

Malcolm Small says the FSA's decision not to read across adviser charging to the protection market is a pragmatic recognition of different sectors of the industry.

The FSA has banned Nighat Mirza, a partner at a Manchester-based mortgage brokerage, for lacking competence and for failing to manage the firm's affairs properly.

A possible 60% of the 60,000 advisers captured under the scope of the RDR face additional costs of £175 per adviser following new proposals out today.