appointed representatives

Openwork's new CEO Martin Davis says the FSA's proposed ‘restricted advice' tag is causing a degree of concern amongst its 2,600 multi-tied advisers.

The directors of a Yorkshire-based financial group have been banned and fined by the FSA for putting 53 clients at risk of losing almost £10m.

The FSA has fined Richard Holmes, a director of insurance broker AIF Limited, the sum of £20,020 for control failings in relation to an appointed representative firm (AR).

The Financial Services Authority has issued a factsheet calling for an improvement by retail networks in their supervision of Appointed Representatives after a survey found potential shortcomings.

Newly launched mortgage network First4brokers has unveiled an online 'fastrack approval' process which it says clears an adviser's FSA authorisation to trade within just 14 days.

Introducers passing on mortgage business leads will not be required to be regulated under the FSA regime in certain cases but all other types of regulated financial business will require introducers to hold FSA authorisation, according to guidance from...