FTAdviser latest:IFA calls for Tory clarification on RDR

Story by: Sharon Flaherty, FTAdviser

An IFA has asked the Conservative party to lay on the line whether it will go ahead with the Retail Distribution Review (RDR) if it is elected into power in the next general election.

  • Time published: 17:23
  • Date published: 03.07.2009
  • Published in: Regulation

FSA bans mortgage broker for fraud

The Financial Services Authority (FSA) has banned an East London mortgage broker for submitting false income information on a mortgage application for himself.

  • Date published: 03.07.2009

Darling warns bankers not to be complacent

Alistair Darling has warned "complacent" bankers that they must avoid slipping back into their old ways, saying there is a need for them to be "brought back down to earth."

  • Date published: 03.07.2009

Adam Phillips officially appointed chairman of FSCP

Adam Phillips has been appointed as chairman of the Financial Services Consumer Panel (FSCP), having been in the role of acting chairman since December 2008.

  • Date published: 02.07.2009

FSA reveals wide-ranging restructure

The Financial Services Authority (FSA) has revealed a wide-ranging overhaul of its operational structure, including the integration of retail and wholesale firm supervision under a single division.

  • Date published: 02.07.2009

Treasury slammed over anti-forestalling rejection

The Treasury has been slammed for failing to allow the industry time to consult on its Budget proposals, which will essentially see self-employed higher rate taxpayers hit by anti-forestalling measures, that are now set to go ahead despite huge opposition.

  • Date published: 02.07.2009

Disclosure requirements for 'restricted advice' must go further

Firms offering 'restricted advice' under the latest Retail Distribution Review (RDR) proposals must be forced to use a mandatory form of words in their initial disclosure information, Skandia claims.

  • Date published: 02.07.2009

Insurance director fined £20k for AR control failings

The Financial Services Authority (FSA) has fined the director of an insurance broker £20,020 for control failings in relation to an appointed representative (AR) firm.

  • Date published: 02.07.2009

Ruling highlights need of Barclays' sales tactics probe

Barclays Bank’s approach to switching clients from one product to another should be probed following a Financial Ombudsman Service provisional ruling against the banking giant, according to an IFA.

  • Date published: 02.07.2009

Regulator's RDR sums come under fire

The Financial Services Authority's (FSA's) ability to do its sums has been called into question by experts studying its cost and benefit analysis of the Retail Distribution Review (RDR) measures.

  • Date published: 02.07.2009

Features

Global village

Plans for a reform of the US financial regulation model may seem familiar to those across the pond

  • Time published: 00:01
  • Date published: 02.07.2009

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Comments

It’s all up to the consumers

The FSA has been warned that yet again that it is failing in its duty to consumers. The warning, from the Financial Services Consumer Panel, is a response to the FSA's discussion paper, Consumer Responsibility.

  • Time published: 00:01
  • Date published: 02.07.2009

Features

Get your cheque books out guys

Letter to the Editor; Letter of the week

  • Time published: 00:01
  • Date published: 02.07.2009

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