Financial Services Authority (FSA)
Confusion predicted in aftermath of Sants exit
Industry experts have voiced fears that the departure of Financial Services Authority (FSA) head Hector Sants will plunge the insurance sector into confusion
'Obscene' levies squeeze broker finances
Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees
More than 30% say RDR review will benefit no one
New research from Paaleads.com, Moneysupermarket.com’s lead generation business, shows that 31% of its financial advisers say the proposed retail distribution review (RDR) will benefit no one.
Law firm claims more companies may fight FSA decisions
Mathew Rutter, financial services partner at law firm Beachcroft, said: "The FSA has told firms to "be afraid", and now we know why."
FSA fines could treble in size
The Financial Services Authority (FSA) has published its new penalties policy, which it claims "establishes a consistent and more transparent framework" and could see enforcement fines treble.
Jubilee unveils new CEO
Jubilee has announced the appointment of Xchanging founder Clive Buesnel as group chief executive officer, with effect from 1 May 2010
Interview: Eric Galbraith - The voice of unity
Biba's Eric Galbraith talks to Martin Friel about the importance of forming a single industry voice following the defection of Liiba
FSA issues warning following rise in 'boiler room' activity
The Financial Services Authority (FSA) has warned of an increase in overseas fraudsters selling shares using the names, registration numbers and addresses of FSA authorised firms and individuals.
Firm warns of power vacuum following Sants departure from FSA
The UK financial services industry needs to remain calm despite the announcement of Hector Sants' departure from the Financial Services Authority (FSA), warns Wolters Kluwer Financial Services.
Biba speaks out against FSA's proposal to more than double minimum fee
The British Insurance Brokers’ Association (Biba) has criticised the Financial Services Authority’s (FSA) consultation paper CP10/05 which suggests raising the minimum fee from £450 to £1,000
Survey shows insurers are delivering on motor claims
A motor claims survey, conducted amongst customers of 15 of the UK’s leading motor insurers, found that 87% were satisfied with the service received during their claim
FSA bumps up annual funding requirement
The Financial Services Authority (FSA) has announced its proposed annual funding requirement for 2010/11 which requires an increase of 9.9% in overall funding.
Hector Sants resignation could leave regulator hamstrung
Hector Sants resignation risks the regulator looking like a lame duck as political parties squabble over regulation, according to a City law firm.
FSA CEO Hector Sants to leave in summer
The Financial Services Authority (FSA) has announced that Hector Sants will leave the organisation in the summer of 2010, after three years as CEO.
Law firm calls for FSA governance plans to be delayed for insurers
Proposals by the Financial Services Authority (FSA) to reform corporate governance should be delayed for insurers, according to law firm Reynolds Porter Chamberlain (RPC).
FSA bans director of mortgage and general insurance firm
The Financial Services Authority (FSA) has banned the director of a Manchester-based mortgage and general insurance firm from holding senior positions in the financial services industry.
Increased FSA scrutiny shows it means business
The Financial Services Authority (FSA) has made it clear that there will be no let up in its hardline approach to financial misconduct with a series of broker bans and an increase in business surveillance
IIB CEO condemns fee proposals as a 'burden'
Barbara Bradshaw, chief executive of the Institute of Insurance Brokers (IIB), has slammed Financial Services Authority (FSA) proposals on fees and levies as a "burden for the smaller broker"
Management Clinic: Reviewing client money arrangements
A review of our insurer agency arrangements shows that we have risk transfer with all our insurer partners. Can we cancel our permission to hold client money?
Editor's comment: Client money needs reviewing
Editor Andrew Tjaardstra explains why nobody should be complacent over client money
FSA confirms plan for publishing information on firms’ complaints handling
The Financial Services Authority (FSA) has today confirmed that it will require firms to publish information on how they handle complaints, to help people see how firms are performing in this important area and to drive up complaints handling standards…
Interview: The Personal Touch - Paul Muir, managing director, 1 Answer Network
Having founded his own successful brokerage, Paul Muir talks from experience when he advocates the benefits of brokers belonging to his personal lines network. Louise Meeson meets the 1 Answer managing director
FSA fines Sett Valley Insurance Services and partners
The Financial Services Authority has levied fines totalling £49,000 on a Derbyshire-based Sett Valley Insurance Services and its two partners Leslie Lugsden and John Hargreaves
FSA focuses on governance standards
The Financial Services Authority (FSA) has today issued a consultation paper (CP) on effective governance standards within firms