Parliament

The Financial Services Authority (FSA) is to commission an independent review of the Money Advice Service's (MAS) use of its resources next year, it has been revealed.

The government is considering the ability of financial advisers to advise on social investments as part of an effort to boost activity in the area.

Labour MP Michael Meacher has received cross-party support for a Private Member's Bill which would prohibit any financial arrangements principally designed for the purpose of tax avoidance.

Money Advice Service (MAS) chairmn Gerard Lemos has defended the organisation against the torrent of criticism it has received, insisting it is "crap".

An MP has branded the Money Advice Service (MAS) as a 'playground bully' for its disruptive influence on the industry and the delivery of debt advice.

CONDENSED

The Financial Services Authority (FSA) has expressed its frustration at the slow pace at which changes to the regulatory structure are taking place.

The Financial Services Bill has been branded a 'dog's breakfast' by a prominent Labour peer and criticised for being put together too quickly.

The Financial Services Consumer Panel (FSCP) has told peers they should amend legislation to make it possible to publish warning notices against firms and individuals without consulting them.

MPs on the Treasury Select Committee (TSC) have once again called for upcoming legislation to give them the power to hold pre-appointment hearings for the chief executive of the Financial Conduct Authority (FCA).