Payments still being made that could result in advisory firms favouring one product provider over another
Firm failed inform FSA of bid for AIA
Report examines barriers to new competitors entering the banking sector
Until now firms were allowed to set benchmarks without regulatory supervision
Increased disclosure would improve regulatory accountability and help consumers make more informed decisions
Andrew Bailey name CEO of new Prudential Regulation Authority
Mystery shopping gathers first-hand evidence of what some UK investors might experience
FSA concerned about suitability of sales to unsophisticated investors
Layering activity constituted “market abuse”
The goal is to help firms avoid incentives that drive mis-selling