Financial services

The Financial Services Authority (FSA) today said it was "time to put right" problems it had identified with advisers switching client investments.

INVESTMENT PROPOSITIONS

The Financial Services Authority (FSA) has expressed concerns about the quality of advice around firms' use of 'centralised' investment solutions after a thematic review flagged widespread failings at some firms.

The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.

The Financial Services Compensation Scheme (FSCS) is to levy life, pensions and investment advisers for an extra £38m, as it begins making part-payments to Arch cru investors with eligible claims against failed IFAs.

TWIN PEAKS REGULATION

REGULATION

Prudential has been forced on the defensive over an e-mail sent to thousands of staff in which a senior executive appears to make a series of disparaging remarks about FSA policies.

The FSA is to look into charges levied by UK fund management groups after its head of investments policy queried why they have been rising in recent years.

Former directors of failed banks could be banned from taking lucrative jobs in the City under plans being drawn up by the regulator.