FSA blames resources for not acting over Equitable's Ranson

The Financial Services Authority said it would not take any action against Roy Ranson, former chief executive of Equitable Life because it would not be a good use of resources.

The FSA said that it would not be looking to take any action against Mr Ranson as it would not be an efficient use of its resouces. An FSA spokeswoman told Bloomberg News "we thought at 73 it's

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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