fsa warns on asset manager conflicts of interest
The FSA has warned fund group chief executives about their processes for safeguarding against potential conflicts of interest between their companies and clients.
Fsa
-
-
fsa fines and bans adviser over ucis failings
The FSA has fined and banned the individual who offered unsuitable advice on unregulated collective investment schemes (Ucis) to retail investors at Topps Rogers Financial Management.
-
FSA outlines PRA role
FSA prudential business head Andrew Bailey will today outline the objectives of the Prudential Regulation Authority (PRA), including its supervisory intentions and its "appetite" for using legal powers.
-
fsa slammed by treasury select committee
The Treasury Select Committee has slammed the Financial Services Authority (FSA) for failing to properly assess the risks of Royal Bank of Scotland’s (RBS’s) of ABN Amro.
-
fsas wheatley calls for culture change
Client suitability must be at the forefront of wealth managers’ minds to make sure unique relationships are maintained and trust and confidence in financial services rekindled, according to Martin Wheatley, managing director of the FSA.
-
FSA will not back down over commission ban
Just because the European Commission has banned commission payments in Europe…a similar ban, quite rightly, is not going to happen over here.
-
How not to be stung by ucis
Ucis funds have been preoccupying the FSA in recent weeks but, in light of another hefty fine, what steps should advisers be taking if they too have recommended unregulated products?
-
hbos director fined half a million
Former chief executive of HBOS corporate division, Peter Cummings, has been fined £500,000 by the FSA and banned from holding a senior position in any UK financial services firm.
-
blackrock fined for client money
The FSA has fined BlackRock Investment Management in the UK £9.5m for failing to protect client money adequately.
-
fsa grants rdr waiver for number of advisory firms
The FSA has granted waivers to 18 advisory firms who have requested an extension to the implementation of RDR scheduled for 1 January 2013.
-
ima criticises inequality of fscs funding
Having looked through the detail of the FSCS funding proposals, the IMA has pointed out to members a number of inequalities among the liabilities attached to banks, insurance companies and fund managers.
-
Engage with clients and ignore the polls
Ive done a quick straw poll and 79.43% of IFAs and wealth managers say they are fed up answering fund manager surveys on RDR; the rest have formed a consultation paper.