Wealth managers

The Investment Management Association (IMA) has criticised FSA proposals aiming to clarify the definition of absolute return funds, warning it risks putting UK-authorised funds at a disadvantage.

Former Financial Services Authority (FSA) chief executive Hector Sants is in talks to join accountancy firm Deloitte as an equity partner, according to reports.

The Financial Services Authority (FSA) has publicly censured a mortgage broker who "recklessly" submitted incomplete mortgage applications for himself.

The Financial Services Authority (FSA) is proposing emergency measures to intervene in the sale products where it judges mis-selling, flaws, or other problems to consumers.

State-owned lender Royal Bank of Scotland(RBS)has predicted it could take ten years to fully return to the private sector, according to reports.

GOSLING'S GROUSE

The Financial Services Compensation Scheme (FSCS) is to hit fund managers with a £33m levy to cover a shortfall in its finances after it overcharged some firms.

The Financial Services Authority (FSA) has begun informal discussions with key industry players about a potential ban on all fund commission payments from the start of 2014 for business written on platforms.

Plans to use self-invested personal pension (SIPP) providers' assets under management (AUM) as a factor in determining capital adequacy levels is a mistake, Dentons Pensions has said.

The Financial Services Authority(FSA) is planning to delay the release of the final rules for platforms until early 2013, Investment Week can reveal.