fsa fines ifa for third time
The FSA has fined Julian Harris, owner of a Kent-based IFA business with the same name, for a third time for failing to perform adequate due diligence before appointing advisers.
Regulation
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ima confirms replacements for managed sector names
The IMA has changed its Managed Sector definitions to mirror those recently introduced by the ABI.
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osbornes economic plan includes gloomy forecasts
George Osborne’s autumn statement was given against a backdrop of lower economic forecasts from the independent Office for Budgetary Responsibility.
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fsa targets death bonds
The FSA has set its sights on banning the sale of traded life policy investments (TLPIs) to UK retail investors, calling them ‘high risk and toxic’ products.
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ima – wave of legislation damaging to eu economy
Policymakers’ less than perfect understanding of the markets has led to a wave of European legislation post-2008, some of it ill-judged, according to Richard Saunders chief executive of the IMA.
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two arrested in fsa probe into unauthorised fas
The FSA has led an investigation into unauthorised financial advisers, leading to two arrests in the West Midlands.
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fsa appoints new fos chairman
The FSA has announced the appointment of Sir Nicholas Montagu as the new chairman of the Financial Ombudsman Service, which settles complaints between consumers and financial services firms.
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mcdermott post rdr costs will go up
The change to Hargreaves Lansdown’s fee structure is a clear example of how costs will go up in the advisory and platform space post-RDR, according to Darius McDermott managing director at Chelsea Financial Services.
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fsa warns of bogus sarasin firm
The Financial Services Authority has issued a warning against an unauthorised firm believed to be cloning Sarasin & Partners.
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fsa fines mcinroy and wood for client money breach
The FSA has fined discretionary investment management firm McInroy & Wood Limited (MWL) £15,050 for breaching client money rules.
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fsa stands firm as tsc calls for rdr delay
Despite calls from the Treasury Select Committee, there are too many positives coming out of RDR for it to be delayed.
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ima to split money market sector in two
The IMA is to change the definition of its Money Market sector to ensure it is line with other definitions across Europe.
