Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 70 results for "Financial Services Authority"

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
... Government funding for its budget. Bird said if ASIC was funded by its own industry levies, like the UK's Financial Services Authority, it would have a more stable funding source which would possibly enhance its independence. A spokesman for Treasurer ...

Former ANZ chief rumoured move to UK Aviva

ELISE BURGESS  |  MONDAY, 6 JUN 2011
... replace Aviva's current chair, Lord Sharman, with the appointment to still be approved by Britain's Financial Services Authority. The news comes just one week after Aviva's UK chief executive, Hodges, announced that he was moving to another company. ...

FSA ups ante on advice

ELISE BURGESS  |  FRIDAY, 21 JAN 2011
... continue providing financial advice after January 2013, according to new regulations set out by the Financial Services Authority (FSA). The regulation will apply to all retail investment advisers, which the FSA believes should be able to show clients ...

Drunk futures broker banned

FSA RELEASE  |  THURSDAY, 1 JUL 2010
... for manipulating the market by trading huge volumes of oil contracts after a weekend bender. The Financial Services Authority (FSA) fined and banned Steven Noel Perkins on the grounds that he is not a fit and proper person. Perkins previously traded ...

UK planners to face tougher standards

ALEX DUNNIN  |  THURSDAY, 1 JUL 2010
The UK Financial Services Authority is imposing yet more compliance hurdles on financial planners, this time requiring them to hold a new Statement of Professional Standing. The FSA has just released a discussion paper regarding how these new rules ...

FSA starts Goldman Sachs investigation

RUTH LIEW  |  THURSDAY, 22 APR 2010
The UK's Financial Services Authority is launching its own investigation into Goldman Sachs' alleged fraud activities, following charges to the firm by the Securities and Exchange Commission in the US. The FSA said in a short statement yesterday that ...

America's Eyjafjallajokull

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2010
... governments to halt business dealings with the investment bank. According to Bloomberg, the UK's Financial Services Authority " announced today that it will launch a formal investigation into Goldman Sachs' (GS) London units in connection to the SEC's ...

Investors get $250m compensation for crook advice

FSA RELEASE  |  TUESDAY, 13 APR 2010
Unsuitable advice on pension switching in the UK still abound - prompting the UK's Financial Services Authority to publish new findings that will see advice firms pay $250 million in compensation to investors. The FSA found that a number of firms were ...

UK bans commission payments from products

MICHAEL HOBBS  |  TUESDAY, 30 MAR 2010
In a seminal move, the Financial Services Authority (FSA) has banned financial advisers from accepting commissions for recommending a product from 2012. The FSA also ruled that financial advice firms must be upfront about how much they charge for their ...

Standard Life fined $4m for bad marketing

COMPANY RELEASE  |  MONDAY, 25 JAN 2010
... that resulted in approximately 98,000 people believing they were invested in pure cash assets. The Financial Services Authority (FSA) found Standard Life Assurance failed to implement proper systems and control over the Pension Sterling fund, which includes ...