Press Releases
Financial Services PI News
Top 15 risks facing financial intermediaries set out by regulator
The top 15 risks facing intermediaries when conducting business with retail customers have been set out in the Financial Services Authority’s (FSA) 2012 Retail Conduct Risk Outlook (RCRO).
The FSA warns IFAs to check PII cover in RDR guide
The Financial Services Authority (FSA) advises IFAs that want to offer independent advice to “talk to their professional indemnity insurer at an early stage to ensure cover will be available for all retail investment products” in a newly published FSA guide “RDR – is your firm on track”.
Broker blamed for fire at client’s premises
An insurance broker was effectively blamed for causing a serious fire at its client’s premises in a recent legal case that highlighted the risks faced by brokers in advising their clients on the duty of disclosure and of providing risk management advice.
FSA considered restricting access to sophisticated investment offerings
The Financial Services Authority (FSA) considered restricting access to products such as Exchange Traded Funds, Structured products and Life Settlements Funds according to information revealed by New Model Adviser® magazine, following a Freedom of Information request to the regulator.
£54 million Arch Cru compensation package may lead to more claims against IFAs
Investors in Arch Cru products received letters in early November 2011 setting out the compensation they will receive following the failure of the investment firm in 2009. Most are expected to receive around 70% of their losses, leading to suggestions that many will pursue the balance with further claims against their financial advisers.
Retail Distribution Review FAQs published by FSA
The Financial Services Authority (FSA) has published the top 11 questions being asked by IFAs at its Retail Distribution (RDR) roadshows, being held around the country from 5 April to 27 September 2011. Advisers are invited to feedback to the FSA whether they agree with the answers to the FAQs by 22 September 2011.
FOS promises to speed up complaints handling!
The Financial Ombudsman Service has pledged to speed up its handling of complaints in the coming months...
FS Update - Election special
With the UK General Election fast approaching, whatever the shape of the new parliament following the 6 May, it is clear that the financial services industry is at a cross roads - read the Election special report from Fishburns Solicitors...
More...
FSA warns Facebook and Twitter pages must be compliant
Our news section is divided into four areas of PII News
Use the links below to read all our news articles about your areas of interest.