View more on these topics

FSA working towards twin peaks

The FSA says it will begin operating internally under the twin peaks model from April and will rely more on a risk-based approach to regulation.

Draft legislation undergoing pre-legislative scrutiny will split the FSA into the Prudential Regulation Authority and the Financial Conduct Authority in early 2013.

FSA conduct of business unit interim managing director Margaret Cole said: “From next April, we expect to move internally to a twin peaks model and that is the point at which if you will have two sets of supervisors under the new structure you will start to see two sets of supervisors.”

Cole said that firms regulated by the FCA but which do not do not have a specific relationship manager will see the regulator build on the risk-based approach to regulation it has been developing over the past 18 months. She said: “This will enable us to make smarter use of the data that we receive from firms and other sources and we will develop risk profiles for small firms to enable us to target our resources at the firms posing the highest risk.”



Curious controversy over active member discounts

Active member discounts or deferred member penalties, depending on your point of view, are certainly getting pulses racing in the world of group pensions. They may be out of favour with the Department for Work and Pensions and The Pensions Regulator. Yet supporters of the practice are not going to let it be killed off […]


David Ferguson: Don’t lose control over tempting platform deals

I first encountered the word democratisation in Chris Anderson’s seminal The Long Tail a few years ago. Essentially a narrative about the economics of abundant supply, the book looks at the impact of the internet on markets where purchasing bias may be rife. The essential hypothesis is that we can now buy what we like […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. And guess who’ll be cast into the chasm between these two peaks?

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