Regulation

Mortgage regulator little respected as FSA's legacy leaves imprint

The Financial Services Authority (FSA) was ineffective because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).

Following the release of the Money Advice Service's (MAS) year-end results this morning, the body's chief executive has said it will actively look to foster partnerships with advisers over the coming 12 months.

FOS has said the more "pragmatic, commonsense" approach of the new regulator will fill the need to re-balance past industry issues like the extensive PPI mis-selling.

Treasury Select Committee pans solvency II implementation by PRA

Cirencester friendly's annual results show increases in membership and premium income with reduced operating costs, despite confusion around RDR and Holloway products.

Mortgage advisers banned by regulator

The board of the Financial Ombudsman Service has appointed Amerdeep Somal as the new independent assessor for the service.

The Consumer Insurance Act is the first formal change in law in this space for more than 100 years. Paul Dalgliesh looks at the implications for insurers and advisers.

Insurers need to keep clearer records to aid in potential claims disputes following the introduction of the Consumer Insurance Act, according to industry observers.