Regulation

Advisers will need to complete a minimum of 35 hours of relevant CPD each year, according to the FSA's latest Retail Distribution Review paper.

The FSA says it needs more time to consider the costs and benefits of introducing professional requirements for advisers selling pure protection.

The Financial Ombudsman Service (FOS) has highlighted examples of bad protection advice from complaints referred to it during the recession.

Zurich is providing access to new online learning materials in a bid to help advisers studying for examinations for the up coming Retail Distribution Review (RDR).

Long term care, mortgage and equity release qualifications could be reviewed by the FSA every three years to "ensure they remain up to date and relevant".

The FSA will not push ahead with an ethical code just for investment advisers and has confirmed it will focus on key individuals within firms.

Chancellor George Osborne's aides say complete abolition of the FSA is still on the table, adding the regulator will certainly lose its independent role.

The FSA has extended by five months the time customers can make complaints to the Ombudsman over purchasing payment protection insurance(PPI).

The regulator says it will not implement AIFA's call for a "major overhaul" of adviser levies until further consultation, which will not see any changes introduced until 2011/12.

In the run up to the election, there are changes on the horizon for regulating insurance, particularly in the area of consumer protection.