FSA writes on client money: FSA has published a letter it wrote in September to small firms on its small firms client money and asset review. It says it is very disappointed with the results to date of a review to see how firms have reacted to its January report on complaints failings. It warns it has referred some firms to compliance and has asked others to commission a skilled person's report. It urges firms to do a proper and proactive review of CASS compliance taking into account the FSA report.