FSA

As the industry gets to grips with the ABI's code of conduct on shopping around Stephen Lowe looks at the opportunities for advisers.

The Financial Services Authority (FSA) blocked just 30 out of a possible 227,000 applications from individuals to join the financial sector in the six years since the banking crisis erupted, a rejection rate of just 0.01%.

The Financial Conduct Authority (FCA) has published warnings to consumers about four trading companies that are not authorised to carry out regulated activities.

A survey of 150 investors in properties sold by overseas property agent Harlequin, which is at the centre of a Serious Fraud Office (SFO) investigation, suggests as many as 40% of them have asked for their money back - but only two have received it.

The Financial Conduct Authority (FCA) plans to use the element of financial penalties it retains after passing cash to the Treasury to lessen fees across those it regulates.

The new City watchdog was last night fighting to defend its chairman amid accusations he enabled HBOS to pursue its reckless lending strategy.

The IFA Centre and law firm Harcus Sinclair have today launched a website designed to handle the public response to news that Harcus Sinclair is building a case against Capita Financial Managers on behalf of investors in the Arch Cru funds.

A BBC producer who was working on a Panorama programme about troubled overseas property agent Harlequin Property has left the corporation as it emerged that Harlequin is to take an allegation of bribery against him to the police.

Prudential paid its chief executive officer Tidjane Thiam £7.8m last year despite him being reprimanded by the Financial Services Authority (FSA) over a bid for AIA Group.

REGULATION