FSA

The FSA is set to publish its first "health alert" shortly to warn about risky financial products, in a bid to halt the stream of mis-selling scandals.

Risk is a hot topic at the moment. The turmoil on the stock exchange has seen a big increase in market risk while Standard and Poor's has lowered their opinion of the US's credit risk.

The Financial Services Authority (FSA) has warned investors against buying shares from cold callers claiming to be from Glencore International Plc.

Castlestone Management chief executive Angus Murray is to step down, replaced by director of global sales Jerry Devlin.

Fidelity FundsNetwork has laid down the gauntlet to rivals by pledging to disclose payments it receives from fund groups by the end of the month.

The FSA today said it wants to proceed with its plan, originally mooted in March 2010, to ban payments from fund managers to platforms.

Fidelity's Gary Shaughnessy has criticised the FSA for delaying its decision on a proposed cash rebate ban in today's 'underwhelming' platform paper.

The FSA says more research is needed before it can make the final decision on whether to ban cash rebates.

It is August, and another football season will soon be upon us. Spare a moment, however, for those football managers who will not make it to the end of the season.

The platform policy paper will be published on Monday, the FSA said today.