FSCS

The rise in costs in the Financial Services Authority's (FSA's) latest invoice could encourage firms to manipulate figures to achieve a lower bill, an adviser has warned.

Bank of Cyprus is set to join the Financial Services Compensation Scheme (FSCS) to protect 50,000 British savers from its exposure to Greece.

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The Financial Services Authority (FSA) is telling banks, building societies and credit unions to publicise more prominently the guarantee schemes which apply to their customers' deposits.

An "explosion" in regulatory costs is becoming a "huge problem" for networks and national advisory businesses, according to a director at Lighthouse Group.

The boss of a group of bio-fuel investment firms shut down by the Serious Fraud Office (SFO) has hit out at the administrators of the businesses for their conduct and activities.

The FSA has said it is "very conscious" of the strength of feeling from financial advisers regarding the Financial Services Compensation Scheme (FCSC) levy in a written response to a recent petition from the FSCS Action Group.

The majority of MPs agree that increasing awareness of the Financial Services Compensation Scheme would improve consumer confidence and contribute to increased financial stability, according to a poll released today.

FSCS FUNDING

The Complaints Commissioner has rejected a complaint from a consumer that the Financial Services Authority (FSA) failed to adequately monitor his financial adviser, who he claimed had given him unsuitable advice.