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FSA budget rises 18.3%, Sants warns better regulation costs more
The FSA’s budget for 2010/11 has risen 18.3 per cent to £491m with an additional 460 staff planned.
Cofunds apologises for Park Row letter
Platform says sorry to ex-Park Row advisers after contacting their clients directly and encouraging them to find a new adviser.
FSA prepares for new financial stability objectives
Bill will see FSA taking on new statutary objective of contributing to the protection and enhancement of the UK financial system.
Internet wins over IFAs for financial help
Eight per cent of Britons go to an IFA for retirement planning while 32 per cent turn to the internet for guidance, according to Ship.
Zurich launches protection microsite
The new site offers a suite of marketing tools and templates to help advisers kick-start an effective protection campaign.
Problems loom for tripartite committee's risk role
Regulation expert Richard Hobbs has doubts over whether a new tripartite consumer protection committee proposed by the FSA, would be effective in its main aim of identifying emerging risks.
Aegon pilots premium waiver and rehab service for IP
Aegon is piloting a physiotherapy service and a waiver of premium for its income protection policyholders.
Confidence in the property market fragile, says BSA
Just 49 per cent of people surveyed agree now is a good time to buy a property
MPC minutes reveal split on inflation concerns
Minutes from the MPC’s meeting earlier this month show that members drew different conclusions about inflation risks in the UK.
Former Aviva Investors head joins TCF's investment committee
Former Aviva Investors head of retail structured products Dr Jeremy Bezant joins the TCF Investment Committee.
Shaun Sandiford joins Axa Elevate
Former Ascentric head of sales joins platform as distribution director.
OFT unveils new banking commitments
The Office of Fair Trading has announced new banking industry commitments on unarranged overdrafts.
European investment directive delayed after Brown intervention
EU legislation to curb the powers of hedge funds has been delayed until after the general election.
Aviva calls for rethink on consultancy charging
The insurer promotes factoring claiming current proposals are set to restrict access to advice on corporate pensions.
Boost for Options' transfers as 40% completed in seven days
Transfers increased by 70 per cent to 12,000 last year although the average time taken remained 11 days for the fourth quarter.
Bank clerk who stole from elderly clients goes on the run
Ex-HSBC clerk disappeared just hours before sentencing at Southwark Crown Court today.
Partnership model suggested to solve LTC dilemma
The King’s Fund says a revised version of the partnership model is the fairest way of funding social care in the future.
Succession appoints Quilter to manage discretionary portfolios
Quilter and Vestra Wealth to offer five risk-rated model investment portfolios.
Friends Prov urges employers to keep benefits package
A recent Friends survey found that 34 per cent of employees would take a pay cut rather than lose their health benefits.
Cofunds/Fidelity team up to offer Isa/Sipp collection opportunity
Fidelity Fundsnetwork and Cofunds have partnered to offer advisers help with any last minute collection of Isa and Sipp applications.
