Latest News

The FSA has issued a consultation paper addressing queries that have arisen on adviser charging

The FSA continue to find concerns with how advisers are determining a client’s attitude to risk (ATR) and are embarking on a number of road shows to highlight the issues

The FSA has issued a guide on how it expects firms to apply measures to combat financial crime

The FSA has commissioned independent research to estimate the size of the retail investment adviser population

the Institute of Chartered Accountants in England and Wales; and the Pensions Management Institute.

The FSA now confirms that as from 31 December 2012: if a client chooses to move to a different adviser, the trail commission can be re-registered to the new adviser, but an ongoing service must be provided in return for the commission; Read More »

The FSA has recently announced it will be ‘actively reviewing’ the progress of firms’ progress in meeting RDR requirements as the deadline approaches. This may include visits. Read More »

With FSA’s ongoing focus on UCIS we continue to see enforcement action taken against firms in this area.

There has been much discussion throughout the RDR consultation process on the issue of VAT being chargeable on advice but not on arranging product sales.

The phasing in of the new rules for firms will now start on 31 December 2013 with the full requirements in place by the end of 2015,

The FSA has published a series of Q and As on RDR following recent roadshows.

The regulator has issued a survey to a number of smaller firms asking about if and how they use compliance consultants.

New rules, in the context of RDR, have been published by the FSA aimed at ensuring customers get a better and more transparent service. These will come into effect on 31 December 2011

The FSA has serious concerns following its review of the suitability of client portfolios in a sample of firms in the wealth management industry. The review sampled 16 wealth management firms which provide advisory and/or discretionary investment management services, predominantly to retail clients

FSA announce more details on new regulator The FSA has recently been providing its intentions for the FCA and how it will be different from the FSA.

I am delighted to announce that Mark Turner and Robert Taylor have been appointed to the Board of Directors of Swaines Ltd with effect from 1 June 2011

The FSA have issued new tools that firms subject to the Remuneration Code can use immediately.

FSA take enforcement action against IFA in relation to promotional and advisory activity in respect of UCIS.

The Government has this week published its second consultation paper on proposals to reform the UK financial regulatory framework titled ‘A new approach to financial regulation: building a stronger system’.

The FSA has today published its regular Life Insurance and General Insurance Newsletters containing sector specific updates.

The FSA has today published its first RDR Newsletter. The first addition summarises the progress toward all four key aspect of the RDR and confirms that final rules have now been made which it believes: improve the clarity with which … Read More »

Swaines new website launch.

FSA information for new firms.