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.
The Financial Services Authority (FSA) has banned an East London mortgage broker for submitting false income information on a mortgage application for himself.
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."
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.
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.
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.
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.
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.
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.
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.
Plans for a reform of the US financial regulation model may seem familiar to those across the pond
Advertising
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.
Letter to the Editor; Letter of the week
Location: Nationwide
Salary: £70,000 +++
Location: (CITY AND HOME COUNTIES)
Salary: Employed or Self Employed
Location: North London and Home Counties
Salary: Self Employed