30 June 2011
Steve Bee says it should be communicated that it would cost the average price of a house to buy yourself a guaranteed state pension.
Paul Farrow says the FSA should be encouraging consumers to find decent financial advice.
Mike Eaton says multiple approaches to adviser-charging could increase the chances of misselling and regulatory intervention.
Simon Gibson say the MDRT has improved his role as a modern financial services professional.
Osborne and Cameron will be making a huge mistake if they think a future LTC crisis can be conveniently ignored.
Rob Reid calls on advisers to look through the consumer’s eyes when designing their charging models post-2012.
Dennis Hall says IFAs should not lose sight of the need for direct client contact despite the growth in social media.
Chris Gilchrist says the Arch cru debacle shows that more intrusive regulation will not work.
Kira Nickerson explains the huge effect Obama’s Foreign Account Tax Compliance Act is likely to have on the pensions and investment industry.
Peter Hamilton looks at what the recent Treasury white paper on financial regulation means for advisers.
Rachael Adams reports on the angry reaction from IFAs besieged by continually rising regulatory costs.
The European Parliament wants to give the European Securities and Markets Authority the power to conduct unannounced, on-site inspections of firms.
UK regulators could be usurped by European supervisors.
KPMG estimates that complying with the US government’s Foreign Account Tax Compliance Act will cost fund firms up to £45 per investor.
Firms could be banned from selling widely accepted products if their sales processes are found to be unacceptable by the Financial Conduct Authority.
The FOS has criticised insurers for not acting as soon as they became aware that payment protection insurance policies were being missold.
Treasury financial secretary Mark Hoban confirms criminal powers to investigate white collar crime will stay with the FSA.
The FSA has warned the financial services industry it will have to bear the brunt of higher regulatory costs
Some small lenders are failing to identify fraud risks when they develop new mortgage products.
The Government will amend short-service refund rules as part of wider reforms to the treatment of small pension pots.
The Greek parliament has passed the second austerity law which allows them to secure further support from the IMF.
Paragon Group director of mortgages John Heron hopeful BTL mortgages will not be included in the EC’s mortgage rules following a lobbying trip to Brussels.
Move follows concerns that some regulators and mid-market insurers will struggle to comply in time.
KPMG accuses the FSA of taking its foot off the pedal on engaging with Europe.
Lenders face up to £380,000 annual bill to comply with the FSA’s mortgage fraud guidelines.
The London Stock Exchange is to terminate its agreed merger with Canada’s TMX Group.
MAM Funds managing director Gervais Williams has invested just 40 per cent of his £50m diverse income trust.
Meteor has dropped its judicial review of a FOS decision and paid a couple £20,000 after it failed to tell them that Standard & Poor’s had downgraded Lehman Brothers.
The IFA sector has no representation in the European supervisory authority drafting the detail of European regulation for markets and investor protection.
EIOPA says 13 European insurers would be incapable of meeting minimum capital requirements if faced with another financial crisis.
“I thought I’d give you another chance to stand me up.”
The FSA says the PRA will be ultimately responsible for regulating the with-profits sector.
Prudential is merging another 17 of its unit trusts into M&G funds in the next year.
Prudential has been forced to apologise and retrain some of its operations staff after it sent an error-strewn benefit calculation to an IFA.
The majority of lenders do not have adequate focus on mortgage fraud prevention in their staff training programmes, according to the FSA.
Bank to launch execution-only platform and place bancassurance at the heart of its future strategy.
FSA chief executive Hector Sants says significant investment into supervision of firms would be unlikely to reduce the costs of the FSCS by a similar amount.
Scottish Widows Investment Partnership is closing five funds as part of a wider review of its international equities offering.
The ABI has told members they should not view the FOS as their enemy.
Andrew Dilnot’s proposal for a cap for long-term care costs is set to be backed by Labour as reports suggest the Treasury may look to sideline the reforms.
Pension minister Steve Webb says cap may be introduced if market competition does not lower costs.