Services Authority (FSA) - Financial Services regulator
The Financial Services Authority ( FSA )
Financial Services Authority (FSA) are the United Kingdom's financial
watchdog set up by the government to regulate financial services
and protect your rights. They set standards that financial services
firms have to meet and they take action if they don’t. They
also provide clear, impartial information, on their website and
in publications, about financial products and services to help make
money matters clearer for you.
Because the FSA are a watchdog they do not sell anything. So all
their information is impartial. They provide information through
their website, booklets and a Consumer Helpline. But being a regulator
they cannot investigate individual complaints, recommend a particular
firm or give you advice on which product to choose.
The FSA Do
The FSA regulate most types of financial services firms, such as
banks, building societies, credit unions, insurance companies, financial
advisers, stockbrokers, mortgage and insurance sellers. They also
work in partnership with other regulators and authorities –
for example, to tackle financial crime.
FSA don't cover the selling of loans, credit cards, second-charge
loans and occupational pension schemes. Neither do they cover day-to-day
banking services. These are covered by other organisations: