View more on these topics

FSA must now get tough, says Which?

Consumer body Which? is calling for the FSA to tighten up on the regulation of banks, claiming consumers will lose out unless it takes action now.

Following the FSA’s announcement that it is to take over all retail banking conduct regulation for deposit taking and payment services from November, Which? personal finance campaigner Vera Cottrell says it is now time for the regulator to tough.

She says: “The FSA has to get tough as a regulator and use its full range of powers to keep banks in check. If it relies on the industry to develop its own code consumers could find themselves worse off.

“Instead of closing the stable door after the horse has bolted, it must be proactive in finding and dealing with problems or consumers will lose out.”


Small earthquake in Chile

Something has been bothering me about the recent reports that John Duffield is to launch a new investment venture but I cannot put my finger on exactly what. Still, I have a column to write and a deadline to meet so we will just have to embark on this gentle voyage of discovery together.

Apollo backs Russia

Apollo Multi Asset Management has added a structured product to its IFDS Apollo balanced fund that is based on the Russian stockmarket outperforming the FTSE 100 over a two-year period.

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm