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The FSA has warned advisers about “conflicts of interest” arising from holding shares in platforms.
Banks should allow consumers to select the benefits they want with their packaged accounts to help combat mis-selling of the products, Defaqto has said.
The government has once again turned down a request from an MP for an independent investigation into the Arch Cru collapse.
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Advisers with clients exposed to boiler room brokerage Sky Capital have begun enquiries into compensation, IFAonline understands.
Tesco Bank’s chief executive, Benny Higgins, has suggested that its long-anticipated launch into the mortgage market will happen by as early as April this year.
The Financial Services Authority's judgement-based, twin peaks system must be embraced by the industry and lead to behavioural and cultural changes in both firms and regulators, according to Hector Sants.
The Financial Services Authority is to commence with enforcement action against UBS AG following an investigation into losses incurred by the investment banks as a result of alleged 'rogue trader' activity.
Insurers have warned of a fresh hike in premiums for millions of customers after the regulator hit the financial services industry with an inflation-busting 15.6% rise in annual fees.
An alarmingly high number of consumers do not know how to risk-rate standard financial products, such as equity ISAs and with-profits bonds, research suggests.
The pick of this week's articles on IFAonline...
The FSA has temporarily shut the sale and rent back (SRB) market after a review found most transactions were either unaffordable or unsuitable and should not have been sold at all.
Advisers will contribute £33m towards the total expected cost of running the Financial Services Compensation Scheme (FSCS) in 2012/13, although they will also pay an additional interim levy of at least £40m before April.
The financial services industry will pay an extra £40m toward the Money Advice Service (MAS) after it agreed to take on responsibility for coordinating and providing debt advice.
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