News Archives

Date
Title
December 2011
13/12/2011
FSA RDR And TCF Distracted Bank Supervision. In a report, the Financial Services Authority (FSA) has admitted it had failed in its ...
12/12/2011
FSA Self Critical On RBS Failure. According to a Financial Services Authority (FSA) report, the Royal Bank of Scotland (RBS) nearly collapsed ...
09/12/2011
Private Medical Market Referred To Competition Commission. Following a report into the private healthcare market which found unclear information on treatment costs ...
08/12/2011
Transact Fined 3.5m By FSA. Transact has been fined £3.5m by the Financial Services Authority (FSA) for failings relating to the protection ...
07/12/2011
LAPR To Finally Go. Life Assurance Premium Relief (LAPR) is to finally be stopped.   As part of the Finance Bill 2012, ...
06/12/2011
FSA Better Than Best For Own Platform DIFs. According to the Financial Services Authority (FSA), they expect it will be particularly difficult ...
05/12/2011
FSA To Ban Traded Life Settlement Bonds. The Financial Services Authority are aiming to ban traded life policy investments (TLPIs) from being ...
02/12/2011
Claims Management Inaccurate Claims Continue. According to the Financial Ombudsman Service (FOS), they are concerned that claim management companies (CMCs) are continuing ...
01/12/2011
Brokers 7th Highest Paid Profession In UK. Figures from the Office for National Statistics have revealed that the average yearly salary earned ...
01/12/2011
Season's Greetings We would like to wish all our members, fellow adviser clients, staff, family and friends a very merry, safe and ...
November 2011
30/11/2011
Standard Life Cuts 100 IT Jobs. Following a review of their group IT and operations division, Standard Life have announced a further ...
29/11/2011
Keydata Claim IFA Goes Under. Following £6m of claims relating to Keydata, IFA firm Target Financial Management is to enter administration. ...
28/11/2011
AXA Selling Bluefin. AXA are to sell Bluefin Advisory Services for a possible £100m.  According to AXA, Bluefin Insurance Group, the ...
25/11/2011
Guardian Sold By Aegon. Guardian life and pension business services, which is part of Aegon has been sold for £275m to European ...
24/11/2011
FSA To Target IFAs Churning For Trail. Following the announcement by the Financial Services Authority (FSA) to continue with the ban of ...
23/11/2011
FOS Landmark Arch Cru Decision Against IFA. The Financial Ombudsman Service (FOS) has provisionally upheld a complaint against an IFA who recommended ...
22/11/2011
FSA Compliance Costs £1.4bn. According to figures compiled by Hargreaves Lansdown, the Financial Services Authority’s (FSA’s) latest rules will cost up to ...
21/11/2011
RDR Adviser Fee Disclosure Compulsory In Key Features. The Financial Services Authority (FSA) has confirmed in its latest Retail Distribution Review newsletter, ...
18/11/2011
Application Errors Delay FSA Authorisation. The Financial Services Authority (FSA) carries out strict checks on lenders as they claim it is more ...
17/11/2011
Legacy Commission Ban Stays Say FSA. Despite widespread industry opposition to the ban on legacy commission, the Financial Services Authority (FSA) plan ...
16/11/2011
RDR To Cause 15 Per Cent IFA Income Fall. A survey has revealed that IFAs are predicting a 15% drop in income ...
15/11/2011
FSA Confirms IFAs Must Service For Trail. The Financial Services Authority (FSA) are sticking with the rules it proposed at the beginning ...
14/11/2011
Legal And General In Cofunds Bid. According to reports, Legal & General (L&G) are bidding to acquire Cofunds. The Sunday Telegraph ...
11/11/2011
FSCS Refunds To Gabriel Mistake IFAs. The Financial Services Compensation Scheme (FSCS) have begun to start refunding companies that were successful in ...
10/11/2011
FSA Confirms Client Cancellation Fee Refund For RDR. The Financial Services Authority (FSA) has issued new guidance on adviser charging, which will ...

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