FSA

The Financial Services Authority (FSA) has confirmed that claims at the Financial Services Compensation Scheme (FSCS) relating to failed stockbroker Direct Sharedeal - which could total £13m - will be paid for by investment advisers.

Fidelity FundsNetwork has expressed surprise over fund managers opting to raise prices in newly-launched clean share classes.

Tamara Cizeika, senior regulatory lawyer at Eversheds LLP, sizes up the effectiveness of the FSA's client assets unit.

A man and woman from Enfield who ran a financial advice firm have each been jailed for two years for fraudulently trying to claim almost £145,000 in Gift Aid.

The FSA now intends to publish its long-awaited final platform paper in Q2 2013, having originally planned to release final rules by the end of last year.

London Capital Group, an online trading platform, has paid out £1.2m to investors who invested via the failed Integrity product over losses linked to commission rebating of the fund in the first half of 2009.

Andrew Bailey has been named as the chief executive of the Prudential Regulation Authority (PRA), as well as being appointed to the new role of deputy governor for prudential regulation at the Bank of England.

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms a total of £4.3m for failings that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.

The Investment Management Association (IMA) has called on the FSA to increase the amounts insurers and banks contribute to the FSCS after warning fund managers faced cross-subsidies which were three times higher than the other institutions.

The Financial Services Authority (FSA) has criticised firms for failing to send in details of advisers' qualifications.