FSCP
The Financial Services Consumer Panel has called for the new Financial Conduct Authority (FCA) to be given full responsibility for the regulation of retail financial services, including consumer credit.
Clients will benefit from a prominently displayed practicing certificate, detailing their adviser’s qualifications and commitment to professionalism, the Financial Services Consumer Panel (FSCP) says.
The Financial Services Consumer Panel (FSCP) has called for more scrutiny of bank service to ensure customers make the right choices about financial services.
Other FSCP articles
Fresh concerns over advisers’ minimum qualifications surfaced this week after the trade body for IFAs launched its own exam option at a level above that proposed in the RDR.
Fears an independent professional standards board (IPSB) would represent another tier of regulation are misplaced, the Chartered Insurance Institute (CII) says.
With income drawdown complaints on the rise Fiona Tait takes a look at why this may be and attempts to explode some myths around this product.
Developing a simplified advice scheme “as fast as possible” and regulating product design are among five recommendations the Financial Services Consumer Panel (FSCP) says would improve consumer confidence in the industry.
The Financial Services Consumer Panel (FSCP) is concerned about the ability of advisers to cope with the growing complexity of retirement income products.
The FSA and financial ombudsman (FOS) are under pressure to name and shame firms that fail or refuse to pay FOS awards.
The Financial Services Consumer Panel (FSCP) is calling for “reassurance” from the FSA over the level of adviser fees post RDR.
Adam Phillips has been promoted from vice chairman to chairman of the Financial Services Consumer Panel.
Moves by the FSA to encourage consumers to take responsibility for the financial advice they receive and products they buy was today branded "flawed" and "unhelpful".
FSA proposals which would allow old mis-selling costs to be paid for out of with-profits policyholders funds were branded "a backward step" today, just three days before the end of a consultation on the plans.
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