We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
The FSA has (on 18 September) imposed a financial penalty of £58,300 on Pi Financial Limited for breaches of Principles 3 (management and control) and 9 (customers: relationships of trust) of its Principles for Businesses
The FSA has (on 12 September) imposed a financial penalty of £500,000 on Peter Cummings and has banned him from performing any significant influence function in any bank, building society, investment firm or insurer
The FSA has (on 5 September) issued a guidance consultation paper (GC 1211) setting out its views on the risks to customers from financial incentives offered to sales staff
Looking back at 2011, no one would deny that the Financial Services Authority has made significant inroads in delivering on its promise to intervene in retail (including wealth management) markets to prevent consumer detriment and secure redress for consumers
