FSA

The incoming Prudential Regulation Authority (PRA) may impose restrictions on what staff at banks and investment firms can earn if the levels of remuneration pose a threat to the business's health.

Lord Adair Turner has said one of the major flaws in the regulatory structure which failed to avert the financial crisis in the UK was the FSA was "asked to do too much".

The FSA should go further in its DFM transparency drive and oblige discretionaries to publish total expense ratios for their portfolios, according to David Tiller, director of strategy & business development at Standard Life Wealth.

The banning of marketing "packages" between providers and advisory groups would bankrupt most networks and support service providers, Threesixty managing director Phil Young said.

Liquidity in the corporate bond market will never recover to 2007 levels because investment banks are now so risk averse, according to Legg Mason's global bond manager Ian Edmonds.

The Financial Services Authority (FSA) is planning to force fund groups to improve risk warnings on absolute return funds next year after warning consumers are in danger of being misled.

The FSA is fighting a proposal by Lloyds Banking Group to pay its first dividend since the government acquired a 43% stake in 2008, according to reports.

The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers in exchange for recommending their services.

UCIS provider Connaught Asset Management is to reimburse investors in its Income Series 2 this week.

The Financial Services Authority (FSA) has defended its decision to warn providers and advisory groups about securing "distribution agreements" which may appear to be commission by another name, saying it has evidence of deals which have aroused its suspicions....