The Financial Services and Markets Act (FSMA) will have a significant impact on the UK financial services industry, but it is suggested that it will make relatively few changes in relation to retail financial services. The new regime will regulate some additional retail investments, and it is...

This paper considers the steps which an authorised firm should be taking to prepare for the requirements of the FSA. While neither the details of the regulatory regime, nor the new rules themselves, have been published, the FSA's concerns are clear enough. Its focus will be on the achievement of...

The issue of pension transfers, which has leapt into prominence in recent months, raises complex and novel issues, albeit in relation to alleged breaches of long established rules. A pilot study of one aspect of pension transfer sales commissioned by Securities & Investments Board (SIB) has...