http://www.moneymarketing.co.uk http://www.moneymarketing.co.uk http://www.moneymarketing.co.uk/magazine/graphics/logo.png http://www.moneymarketing.co.uk http://www.moneymarketing.co.uk/politics/banking-commission-scrap-approved-persons-regime-and-create-criminal-offence-for-bankers/1073003.article http://www.moneymarketing.co.uk/politics/banking-commission-scrap-approved-persons-regime-and-create-criminal-offence-for-bankers/1073003.article Parliamentary commission on banking standards’ final report wants a senior persons regime introduced. Wed, 19 Jun 2013 08:05 GMT http://www.moneymarketing.co.uk/politics/banking-commission-fca-needs-new-code-to-tackle-bank-pay/1072998.article http://www.moneymarketing.co.uk/politics/banking-commission-fca-needs-new-code-to-tackle-bank-pay/1072998.article The commission says the FCA should have the power to ban or limit bank sales incentive schemes. Wed, 19 Jun 2013 08:00 GMT http://www.moneymarketing.co.uk/politics/banking-commission-fos-needs-urgent-reform-on-case-handling-fees/1073001.article http://www.moneymarketing.co.uk/politics/banking-commission-fos-needs-urgent-reform-on-case-handling-fees/1073001.article The banking commission says FOS complaint fees should be waived if banks handle initial complaints well.  Wed, 19 Jun 2013 08:00 GMT http://www.moneymarketing.co.uk/politics/banking-commission-govt-should-investigate-rbs-split/1073008.article http://www.moneymarketing.co.uk/politics/banking-commission-govt-should-investigate-rbs-split/1073008.article The banking commission says the Government should publish a report on breaking up the Royal Bank of Scotland by September. Wed, 19 Jun 2013 08:00 GMT http://www.moneymarketing.co.uk/politics/banking-commission-fca-must-cut-costs-and-downsize/1073011.article http://www.moneymarketing.co.uk/politics/banking-commission-fca-must-cut-costs-and-downsize/1073011.article The banking commission wants the Treasury select committee to review the new regulatory structure in April 2016. Wed, 19 Jun 2013 08:00 GMT http://www.moneymarketing.co.uk/politics/banking-commission-regulators-must-be-made-more-accountable-to-tsc/1073015.article http://www.moneymarketing.co.uk/politics/banking-commission-regulators-must-be-made-more-accountable-to-tsc/1073015.article The parliamentary commission on banking standards says regulators should respond to reasonable requests from the Treasury select committee. Wed, 19 Jun 2013 08:00 GMT http://www.moneymarketing.co.uk/investments/bank-of-england-poaches-santander-retail-distribution-head-charlotte-hogg/1072993.article http://www.moneymarketing.co.uk/investments/bank-of-england-poaches-santander-retail-distribution-head-charlotte-hogg/1072993.article Bank of England has hired Santander head of retail distribution and intermediaries as its COO. Tue, 18 Jun 2013 14:46 GMT http://www.moneymarketing.co.uk/pensions/cbi-collective-dc-requires-fundamental-culture-shift-in-uk-pensions/1072961.article http://www.moneymarketing.co.uk/pensions/cbi-collective-dc-requires-fundamental-culture-shift-in-uk-pensions/1072961.article CBI director of employment and skills Neil Carberry says an “absolute maximum” of 12 employers could be interested in collective DC. Tue, 18 Jun 2013 14:45 GMT http://www.moneymarketing.co.uk/politics/lloyds-knew-of-co-ops-capital-black-hole/1072982.article http://www.moneymarketing.co.uk/politics/lloyds-knew-of-co-ops-capital-black-hole/1072982.article Bank began to have doubts about the deal to sell its branches to Co-op Bank after uncovering a capital shortfall six months ago. Tue, 18 Jun 2013 13:36 GMT http://www.moneymarketing.co.uk/politics/cpi-inflation-increases-to-27-in-may/1072950.article http://www.moneymarketing.co.uk/politics/cpi-inflation-increases-to-27-in-may/1072950.article Increases in the price of clothes and transport saw the consumer prices index rise by 0.3 per cent in May. Tue, 18 Jun 2013 09:49 GMT http://www.moneymarketing.co.uk/politics/steve-webb-attacks-labours-45bn-womens-pension-plan/1072941.article http://www.moneymarketing.co.uk/politics/steve-webb-attacks-labours-45bn-womens-pension-plan/1072941.article Shadow work and pensions secretary Liam Byrne again hits out at the “injustice” of 700,000 women losing out under pension reforms. Tue, 18 Jun 2013 08:15 GMT http://www.moneymarketing.co.uk/pensions/labour-hits-out-at-govt-plans-for-5-year-state-pension-age-reviews/1072940.article http://www.moneymarketing.co.uk/pensions/labour-hits-out-at-govt-plans-for-5-year-state-pension-age-reviews/1072940.article Shadow work and pensions secretary Liam Byrne says regular reviews are “unwise” and could damage saving. Mon, 17 Jun 2013 18:57 GMT http://www.moneymarketing.co.uk/politics/george-osborne-wants-lloyds-sell-off-by-2015/1072863.article http://www.moneymarketing.co.uk/politics/george-osborne-wants-lloyds-sell-off-by-2015/1072863.article Lloyds share price needs to rise 20 per cent for the Government to recoup its full £20bn stake in the bank. Mon, 17 Jun 2013 09:35 GMT http://www.moneymarketing.co.uk/politics/co-op-bank-unveils-details-of-rescue-plan/1072851.article http://www.moneymarketing.co.uk/politics/co-op-bank-unveils-details-of-rescue-plan/1072851.article Bank is considering whether it can provide advice to affected small retail investors, which the bank will pay for. Mon, 17 Jun 2013 08:43 GMT http://www.moneymarketing.co.uk/regulation/deputy-governor-paul-tucker-to-leave-bank-of-england/1072793.article http://www.moneymarketing.co.uk/regulation/deputy-governor-paul-tucker-to-leave-bank-of-england/1072793.article Deputy governor Paul Tucker will leave the organisation in the autumn to study in the United States. Fri, 14 Jun 2013 11:11 GMT http://www.moneymarketing.co.uk/politics/hester-la-vista-whos-in-the-frame-to-be-next-rbs-chief/1072773.article http://www.moneymarketing.co.uk/politics/hester-la-vista-whos-in-the-frame-to-be-next-rbs-chief/1072773.article RBS board could look internally or turn to Lloyds Banking Group to replace chief executive Stephen Hester. Fri, 14 Jun 2013 09:36 GMT http://www.moneymarketing.co.uk/pensions/consultancy-charging-dead-and-buried-after-scottish-life-u-turn/1072514.article http://www.moneymarketing.co.uk/pensions/consultancy-charging-dead-and-buried-after-scottish-life-u-turn/1072514.article The provider’s decision to continue offering consultancy charging was publicly criticised by pensions minister Steve Webb last week Fri, 14 Jun 2013 08:30 GMT http://www.moneymarketing.co.uk/politics/mep-eu-exit-would-be-disaster-for-uk-financial-services/1072567.article http://www.moneymarketing.co.uk/politics/mep-eu-exit-would-be-disaster-for-uk-financial-services/1072567.article  UK MEP Sharon Bowles says Conservative plans for a veto over financial services rules is “impossible” to achieve. Fri, 14 Jun 2013 08:30 GMT http://www.moneymarketing.co.uk/politics/new-euro-investment-disclosure-rules-face-years-of-delay/1072562.article http://www.moneymarketing.co.uk/politics/new-euro-investment-disclosure-rules-face-years-of-delay/1072562.article Liberal Democrat MEP Sharon Bowles says the EU has other priorities than the Prips directive on investor transparency. Fri, 14 Jun 2013 08:00 GMT http://www.moneymarketing.co.uk/politics/cross-party-mps-hit-out-at-fca-interest-rate-swap-review/1072738.article http://www.moneymarketing.co.uk/politics/cross-party-mps-hit-out-at-fca-interest-rate-swap-review/1072738.article Treasury economic secretary Sajid Javid says the FCA has got the “right balance” and extending teh scheme could “open the floodgates”. Thu, 13 Jun 2013 15:45 GMT http://www.moneymarketing.co.uk/regulation/george-galloway-calls-on-mps-to-back-arch-cru-edm/1072731.article http://www.moneymarketing.co.uk/regulation/george-galloway-calls-on-mps-to-back-arch-cru-edm/1072731.article IFA Centre wants advisers and investors to contact their MPs to lend their support. Thu, 13 Jun 2013 14:48 GMT http://www.moneymarketing.co.uk/politics/labour-accuses-govt-of-planning-pre-election-firesale-of-rbs/1072717.article http://www.moneymarketing.co.uk/politics/labour-accuses-govt-of-planning-pre-election-firesale-of-rbs/1072717.article Treasury economic secretary Sajid Javid has denied the Treasury had any involvement in RBS chief executive Stephen Hester’s departure. Thu, 13 Jun 2013 12:36 GMT http://www.moneymarketing.co.uk/politics/rbs-to-announce-2000-job-cuts-as-hester-exits/1072686.article http://www.moneymarketing.co.uk/politics/rbs-to-announce-2000-job-cuts-as-hester-exits/1072686.article Cuts are expected to be spread worldwide as the size of the investment division is reduced, according to reports. Thu, 13 Jun 2013 08:29 GMT http://www.moneymarketing.co.uk/politics/mps-launch-inquiry-into-failed-co-op/lloyds-branch-deal/1072654.article http://www.moneymarketing.co.uk/politics/mps-launch-inquiry-into-failed-co-op/lloyds-branch-deal/1072654.article The Treasury select committee will take evidence from Lloyds Banking Group chief executive Antonio Horta-Osorio on 18 June. Thu, 13 Jun 2013 08:22 GMT http://www.moneymarketing.co.uk/pensions/pensions-minister-warns-scale-push-could-damage-competition/1072313.article http://www.moneymarketing.co.uk/pensions/pensions-minister-warns-scale-push-could-damage-competition/1072313.article Last month, Labour published a policy paper setting out plans to encourage the development of scale pension schemes in the UK. Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/regulation/euro-regulators-kick-start-debate-on-funding-and-powers/1072340.article http://www.moneymarketing.co.uk/regulation/euro-regulators-kick-start-debate-on-funding-and-powers/1072340.article The industry says the answer to how European regulators should be funded lies in better defined regulatory powers. Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/pensions/steve-webb-db-will-be-dead-without-defined-ambition/1072348.article http://www.moneymarketing.co.uk/pensions/steve-webb-db-will-be-dead-without-defined-ambition/1072348.article Pensions minister Steve Webb expects more employers to offer defined benefit schemes in the future. Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/pensions/scottish-widows-eyes-money-back-guarantee-pensions/1072379.article http://www.moneymarketing.co.uk/pensions/scottish-widows-eyes-money-back-guarantee-pensions/1072379.article Widows chief executive Toby Strauss expects there to be “strong demand” for guaranteed pension products. Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/politics/tory-mps-criticise-eu-power-grab-on-libor-supervision/1072419.article http://www.moneymarketing.co.uk/politics/tory-mps-criticise-eu-power-grab-on-libor-supervision/1072419.article The FT reports the European Commission is planning to transfer supervision of Libor from London to Paris Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/politics/osborne-set-to-reveal-lloyds-sell-off-plans/1072487.article http://www.moneymarketing.co.uk/politics/osborne-set-to-reveal-lloyds-sell-off-plans/1072487.article The Treasury is said to be considering selling 10 per cent of its stake in the bank before the end of the year. Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/politics/thinktanks-predict-austerity-could-last-beyond-2020/1072490.article http://www.moneymarketing.co.uk/politics/thinktanks-predict-austerity-could-last-beyond-2020/1072490.article Strict controls on public spending could last into the next decade as the Government grapples with its debt Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/pensions/hmrc-publishes-new-lifetime-allowance-pension-protection-rules/1072587.article http://www.moneymarketing.co.uk/pensions/hmrc-publishes-new-lifetime-allowance-pension-protection-rules/1072587.article New individual protection regime will allow people to continue contributing to a pension Thu, 13 Jun 2013 00:00 GMT http://www.moneymarketing.co.uk/politics/rbs-chief-exec-stephen-hester-to-step-down/1072675.article http://www.moneymarketing.co.uk/politics/rbs-chief-exec-stephen-hester-to-step-down/1072675.article The bank says the search for a successor will begin immediately. Wed, 12 Jun 2013 17:22 GMT http://www.moneymarketing.co.uk/politics/cameron-says-support-credit-unions-to-tackle-payday-lender-problem/1072659.article http://www.moneymarketing.co.uk/politics/cameron-says-support-credit-unions-to-tackle-payday-lender-problem/1072659.article Labour MP Dave Watts called on prime minister David Cameron to allow local authorities to ban payday lenders from high streets. Wed, 12 Jun 2013 15:07 GMT http://www.moneymarketing.co.uk/dwp-higher-auto-enrolment-contributions-could-damage-economy/1072650.article http://www.moneymarketing.co.uk/dwp-higher-auto-enrolment-contributions-could-damage-economy/1072650.article DWP deputy director of pensions and ageing Adrian Richards said reforms need time to settle down before enacting new ideas. Wed, 12 Jun 2013 14:06 GMT http://www.moneymarketing.co.uk/politics/cameron-rules-out-help-to-buy-for-second-homes-and-foreign-buyers/1072642.article http://www.moneymarketing.co.uk/politics/cameron-rules-out-help-to-buy-for-second-homes-and-foreign-buyers/1072642.article The Government came under fire from Labour in March for allowing “mortgages for millionaires”. Wed, 12 Jun 2013 14:04 GMT http://www.moneymarketing.co.uk/politics/cass-business-school-misselling-fears-stop-auto-enrolment-extension-to-low-earners/1072643.article http://www.moneymarketing.co.uk/politics/cass-business-school-misselling-fears-stop-auto-enrolment-extension-to-low-earners/1072643.article DWP deupty director of pensions and ageing Adrian Richards says extending auto-enrolment could be costly and expensive. Wed, 12 Jun 2013 14:01 GMT http://www.moneymarketing.co.uk/politics/ex-hbos-chief-james-crosby-stripped-of-knighthood/1072614.article http://www.moneymarketing.co.uk/politics/ex-hbos-chief-james-crosby-stripped-of-knighthood/1072614.article The Parliamentary Commission on Banking Standards said Crosby should be banned from financial services in April. Wed, 12 Jun 2013 08:23 GMT http://www.moneymarketing.co.uk/pensions/hmrc-publishes-new-lifetime-allowance-pension-protection-rules/1072580.article http://www.moneymarketing.co.uk/pensions/hmrc-publishes-new-lifetime-allowance-pension-protection-rules/1072580.article New “individual” protection regime will allow people to continue contributing to a pension. Tue, 11 Jun 2013 13:51 GMT http://www.moneymarketing.co.uk/politics/esma-cracks-down-on-investment-firm-sales-incentives/1072578.article http://www.moneymarketing.co.uk/politics/esma-cracks-down-on-investment-firm-sales-incentives/1072578.article Esma chair Steven Maijoor says sales incentive schemes are a “root problem” of misselling. Tue, 11 Jun 2013 13:40 GMT