UK - The FSA must deliver clarity on its money-laundering rules in a bid to avoid financial industry uncertainty, Beachcroft Wansbroughs Consulting warns.
The financial services consultancy welcomed the fact that the FSA had watered down proposals to force financial companies to carry out identity checks but said it was concerned the regulator had not withdrawn them completely.
The proposed rules now mean the FSA will look at the extent to which financial services firms have carried out the identification of new and existing customers.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.