The Financial Services Authority (FSA) has issued a warning to advisers who recommend that clients invest in unregulated collective investment schemes in their self-invested personal pensions (SIPPs).

The Financial Services Authority (FSA) and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.

Royal Bank of Scotland is facing the prospect of a £500m fine over its role in the LIBOR interest rate-rigging scandal.

The Financial Services Authority (FSA) has taken action against Ilford based Baronworth Investment Services and its chief executive, Colin Jackson, for failing to ensure their direct offer financial promotions were ‘fair, clear and not misleading'.

The Financial Services Compensation Scheme (FSCS) is poised to launch a new consumer awareness campaign next week, after its chief executive admitted its previous £4m drive had failed.

MISCALCULATION

The Financial Ombudsman Service (FOS) is proposing to increase the individual fee for firms who have complaints against them from £500 to £550 per case, but will also up the number of 'free' cases to 25.

The Financial Ombudsman Service (FOS) has said the number of complaints it has received about investments has increased by a third this financial year.

The Financial Services Authority (FSA) has pledged to work with firms in 2013 as it carries out a series of thematic reviews into how the Retail Distribution Review has been implemented.

Senior backbench MPs are being lobbied to set up a powerful US-style committee that would scrutinise the public finances as a whole and try to head off major fiscal disasters.