View more on these topics

Regulator and former regulator clash


A regulator and former regulator have clashed over proposals to include mortgages within the Financial Services Authority&#39s remit.


FSA consumer panel chairman Barbara Saunders called for mortgages and long term care to be regulated by the FSA in evidence to the Parliamentary scrutiny committee examining the Financial Services and Markets Bill.


But former Securities and Investment Board member Dr Oonagh McDonald speaking in an independent capacity claimed such measures would stretch the resources of the FSA too far.


She added it would also be unfair to a large number of mortgage advisers who have yet to benefit from the training and competence regime.

Recommended

R&SA raises age limit on bond

Royal & Sun Alliance is raising the maximum age limit on its with-profits bond from 79 to 84.It says the move follows demand from IFAs looking for low-risk investments for older clients. R&SA is running an L-Plate Investors campaign designed to encourage investors to take advice.It says the bond is for clients who want better […]

NPI members to get £300 fixed payment

Qualifying policyholders at NPI are set to receive a fixed cash payment of £300 each if they vote for demutualisation and the AMP takeover.The fixed sum is compensation for the loss of voting rights.Qualifying members will also receive a variable cash payment based on size and type of policy held and the length of time […]

The Exchange appoints deputy chairman

The Exchange has appointed Geoffrey Harrison-Dees as deputy chairman.Harrison-Dees was formerly a board member of Sun Life and chairman of electronic standards setting body Origo.

PIA terminates IFA&#39s membership

The PIA has terminated the membership of Preston IFA, CAC Financial Services.The regulator has removed the firm&#39s authorised to conduct investment business.It has also suspended Ian Ward trading as Bucward Independent Financial Advisers based in 6 Rivian Avenue, NW4, London from carrying out investment business.The PIA had previously issued an intervention notice PIA after it […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment