Money Marketing
Steve Tolley Editorial

Steve Tolley joined Money Marketing in August 2010 as politics reporter after working for BBC Politics Show over the 2010 election and BBC South where he was a broadcast journalist and a researcher for the business unit.

Tax inspector numbers fall despite Govt pledge

3 Aug 2012

Treasury select committee member Stewart Hosie says the Government should put “more muscle” into tax collection.
Stats report undermines case for Arch cru redress scheme

1 Aug 2012

Statistician’s report undermines FSA’s claim that 795 firms sold Arch cru products.
Redwood: Banks should do more cross-selling

31 Jul 2012

Tory MP John Redwood says banks use information on their customers less effectively than supermarkets.
Timetable for Wheatley's Libor review 'challenging'

30 Jul 2012

Treasury’s terms of reference for Libor setting and regulation review admit timetable will be “challenging”.
EC promises eurozone bank union plans in September

27 Jul 2012

European Commission working “intensively” on plan for single supervisor for 17-member eurozone.
MP calls on Tyrie to step down from TSC to focus on commission

26 Jul 2012

John Mann says Tyrie needs ton focus on the Parliamentary Commission on Banking Standards.
Bowles: Break up banks that manipulate rates

26 Jul 2012

MEP Sharon Bowles says huge fines for banks that have received taxpayer support is not the best option.
Tyrie banking inquiry extended to look at 'lapsed' professional standards

26 Jul 2012

Parliamentary Commission on Banking Standards wants evidence on impact of “lapsed” standards on retail customers.
Labour and Tory peers push for FCA regulation of claims firms

26 Jul 2012

Labour and Conservative peers are pushing to amend the Financial Services Bill so claims management companies are regulated by the FCA.
Govt calls to change older policies would cost providers billions

26 Jul 2012

Pension firms are likely to face billions of pounds of costs if they take pensions minister Steve Webb’s advice.
Aifa asks Chancellor to plough FSA fines into FSCS

26 July 2012

Treasury sources say Chancellor will stick with plans for money to go to public purse.
Govt may force disclosure of clients using avoidance products

26 July 2012

Govt tightens up disclosure rules on products and employment agreements that seek to avoid tax.
Tory peer: 'Regulators must know what they are doing'

26 July 2012

Lord Hodgson says regulators “outsourcing” regulation through S166s because of a skills gap.
Govt rejects caveat emptor amendment

25 Jul 2012

Labour peer Baroness Hayter called for the FCA to only have regard to caveat emptor principle if firms acted in clients’ best interests.
FSA wants insurers to have employers' liability tracing policies

25 Jul 2012

FSA expects insurers to react with consumer requests about historical policies with “effective searches”.
Labour: Former HSBC boss Lord Green must answer questions

25 Jul 2012

Shadow Treasury financial secretary Chris Leslie says letter from Green is not enough.
Govt rebuffs call for Lord Green to face questions over HSBC money laundering

23 Jul 2012

Lord Strathclyde says ministers not accountable to Parliament for former careers, only work as a minister.
Govt may force disclosure of clients using avoidance products

23 Jul 2012

Govt tightens up disclosure rules on products and employment agreements that seek to avoid tax.
RBS sees 40% opt-out of auto-enrolment

20 Jul 2012

RBS enrolled 15,000 staff into DC scheme with contribution of 2 per cent.
MEP: Next BoE governor must control inflation or resign

20 Jul 2012

Tory MEP Syed Kamall says next governor’s contract should require their resignation if 2 per cent target is not met in 12 months.
Howard Flight: New banking regulation an 'act of faith'

20 Jul 2012

Tory peer Lord Flight says it is “act of faith” to believe Bank will rise to challenge of regulation given its “disastrous” track record.
Govt rejects call for industry-wide professional standards regime

19 Jul 2012

Govt refuses to back amendment to Financial Services Bill for FCA mandated regime.
Steve Webb joins industry in attacking Miliband's scaremongering

19 Jul 2012

Webb: “I do no think the use of lurid language to grab a headline was helpful.”
MP: Scrap Funding for Lending

19 Jul 2012

APPG on Banking chair Steve Baker says its is “intellectually inconsistent” to try and increase borrowing in a debt crisis.
Adam Smith Institute calls for FCA to be scrapped

19 July 2012

Adam Smith Institute also says Money Advice Service should be paid for by customers or scrapped.
Advisers give their reaction to LTC funding proposals

19 July 2012
Councils must offer loans to fund LTC

19 July 2012

People who need help funding long-term care will be able to borrow the money from their local council.
Govt eyes signposting people to specialist LTC financial advice

19 July 2012

The Government is setting up a working group on long-term care which will explore ways of directing people to specialist independent financial advice.
King: Barclays was in denial over our concerns

19 July 2012
Labour peer piles on pressure over claims firm regulation

19 July 2012

Lord Kennedy says CMCs should submit proper complaints or face being ignored or fined.
Aifa asks Chancellor to plough FSA fines into FSCS

18 Jul 2012

Treasury sources say Chancellor will stick with plans for money to go to public purse.
Lenders say Government scheme will lower rates

18 Jul 2012

Lenders say they expect the Government’s Funding for Lending scheme will push down rates for borrowers.
BoE would 'grab' 5% increase in lending from Govt scheme

17 Jul 2012

BoE’s executive director Paul Fisher says 5% increase as result of Funding for Lending worth £80bn.
King: Barclays was in 'denial' over our concerns about bosses

17 Jul 2012

Bank governor Mervyn King rejects claims he asked Marcus Agius “to shoot his chief executive”.
Bowles: EU-wide banking union will not work

17 Jul 2012
Turner: We missed Libor because we were focused on other things

16 Jul 2012

FSA failed to launch investigation into Libor after press reports in September 2007 because staff were focused elsewhere.
Del Missier: I asked traders to lower Libor submissions

16 Jul 2012

Former Barclays executive Jerry del Missier “passed the instruction” to lower Libor submissions on to traders.
Bowles: Tyrie's inquiry might not get the job done

16 Jul 2012

Econ chair Sharon Bowles says inquiry could leave unanswered questions requiring wider investigation.
Labour peer piles on pressure over claims firm regulation

16 Jul 2012

Lord Kennedy says CMCs should submit proper complaints or face being ignored or fined.
US warned King over 'incentive to manipulate Libor' in 2008

13 Jul 2012

Timothy Geithner, now US Treasury Secretary suggested Libor changes to remove incentive for banks to manipulate submissions.
SFO to probe banks' rigging of Libor

12 July 2012
TSC raided for Tyrie banking inquiry

13 Jul 2012

Garnier, McFadden, Love and Thurso will join committee chair Andre Tyrie’s enquiry.
Industry hits back at Miliband's 'scaremongering' over pension charges

13 Jul 2012

ABI challenges Labour to say which schemes charge “rip-off” fees of 4 or 5 per cent.
Adam Smith Institute calls for FCA to be scrapped

13 Jul 2012

Adam Smith Institute also says Money Advice Service should be paid for by customers or scrapped.
Martin Wheatley to address Aifa gala dinner

12 Jul 2012

FCA chief executive designate Martin Wheatley to give keynote speech at Aifa’s gala dinner in November.
Diamond could face US congress over Libor

12 Jul 2012

Federal Reserver chair Ben Bernanke and Treasury secretary Timoth Geithner to face Senate in coming weeks.
Barclays not being wrecked, says Agius

12 July 2012
Diamond claims he did not take BoE Libor query as an instruction

12 July 2012
I'm not culpable for Libor scandal, says ex-chief executive

12 July 2012
'Libor rigging made me feel physically ill'

12 July 2012
'Regulator had concerns about culture at Barclays'

12 July 2012
TSC takes Barclays to task over interest rate swaps

12 July 2012
Tucker refutes claim over Libor rates

12 July 2012
Government eyes directing people to LTC financial advice

11 Jul 2012

Govt sets up working group to look at how financial services industry can contribute to funding long-term care.
MP attacks 'greedy' industry lobbying

11 Jul 2012

Labour MP Paul Flynn tables Parliamentary motion after claims the financial industry spent £92m to influence Government policies.
Newcastle City Council sets up own LTC commission

11 Jul 2012

Council leader Nick Forbes brands Govt’s council care loan proposals a “fudge” leaving authorities problem of “doing more with less”.
Government proposes long-term care council loans

11 Jul 2012

Long-awaited social care bill to offer loans to pay for LTC and support cost cap “in principle”.
'Mervyn King made clear regulators had lost confidence in Diamond'

10 Jul 2012

Barclays chairman Marcus Agius says BoE governor Mervyn King told him Diamond no longer had regulators’ support.
Agius: We should have changed our Libor compliance

10 Jul 2012

Barclays chair Marcus Agius admits bank should have adapted Libor compliance as credit crunch introduced risk.
Agius: FSA said Barclays governance was 'best in class'

10 Jul 2012

Barclays chairman Marcus Agius denies the bank is being “wrecked” by poor corporate governance.
Should we means-test pensioner perks to pay for LTC reform?

10 Jul 2012

Nick Boles to call for £2bn saving to be used to fund Dilnot proposals.
Leadsom: Osborne should apologise for Labour Libor link claim

10 Jul 2012

TSC’s Andrea Leadsom says Paul Tucker’s evidence “completely squashed” idea Labour ministers linked to Libor scandal.
Conservative backbenchers call for simplification of financial regulations

10 Jul 2012

Conservative MPs call more simple regulation, Care Isas and micro-business exemption from employment regulation.
Lords: Widen Mifid II commission ban to all advisers

10 Jul 2012

The House of Lords European scrutiny committee says European proposal to ban commission for IFAs are flawed.
Paul Tucker defends conversation with Diamond

9 Jul 2012

BoE deputy governor Paul Tucker says conversation with Diamond could not have been taken as instruction to lower Barclays Libor submissions.
Mifid II vote delayed until at least September

9 Jul 2012

Econ chair Sharon Bowles says still work to do on European parliament’s response as vote is delayed until September.
Tory MPs 'filibuster' Bank governor veto bill

9 Jul 2012

Labour MP John McDonnelll says Tory MPs filibustered to push his bill for TSC approval of Bank of England governors down the agenda.
Cable tells RBS: Cooperate with Canadian Libor investigation

9 Jul 2012

Business Secretary says cooperation with Canadian Libor investigation is a “no brainer”.
Labour wants 1,000 branch sell off and new banker code

9 Jul 2012

Ed Miliband hopes that forcing banks to sell off 1,000 branches and establish at least two challenger banks will break dominance of big five.
Hoban: Interventionist regulation is price for consumer responsibility

6 Jul 2012

Minister says the new interventionist approach to regulation is vital.
Key Euro vote on commission faces delay

6 Jul 2012

A key vote which could ban commission for independent advisers in Europe could be delayed until September.
E&Y: Personal liability would focus bank directors' minds

6 Jul 2012

E&Y financial services partner Philip Middleton backs his employer’s business model to focus the minds of bank directors.
Osborne says RBS and HSBC are still in FSA investigation

5 July 2012
Advisers urge bank inquiry to probe incentive schemes

5 July 2012
Euro parliament stands firm on capped bonuses

5 July 2012
FSA applauds move to divert cash from fines

5 July 2012
Banks settle with SME firms over missold swaps

5 July 2012
Diamond: I do not feel personally culpable

4 Jul 2012

Diamond ran Barclays investment arm as traders manipulated Libor rates but said he does not feel personally culpable.
Diamond: Tucker Libor comments were not an instruction

4 Jul 2012

Diamond says Bank saying Libor submission need not be as high as they were was not an instruction to lower them.
Diamond clams up over whether regulators pushed him out

4 Jul 2012

Barclays chief executive Bob Diamond refuses to say whether senior regulators suggested to bank that he should step down.
FSA 'happy' with plans to divert fine money to Govt coffers

4 Jul 2012

The FSA says it is happy the Government intends to divert the proceeds from enforcement fines.
Should directors of failed banks be banned?

3 Jul 2012

Government launches consultation on banning directors of failed banks and criminal sanctions for serious misconduct
Labour opposition could hit bank standards inquiry

3 Jul 2012

Andrew Tyrie says he will not lead the Parliamentary inquiry in banking standards without cross-party support.
FSA fines since April set to go to Treasury

2 Jul 2012

Govt to legislate for all fines after April 2011 to go to Treasury rather than lowering industry levy.
Andrew Tyrie to lead Govt review of banking standards

2 Jul 2012

Separate inquiry into Libor rate to be led by FCA boss-in-waiting Martin Wheatley.
Govt may launch review into banks' professional standards

2 Jul 2012

Treasury mulling a review of bankers professional standards as well as rules to ban directors of failed banks.
TSC member's firm linked with Libor inquiry

2 Jul 2012

Tory Party deputy chairman will be among MPs to give Barclays bosses “a grilling” on Wednesday.
RBS set for fine over Libor

2 Jul 2012

RBS could face a fine of £150m.
Barclays chairman Marcus Agius quits

2 Jul 2012

Agius quits after last week’s Libor and interest rate misselling scandals.
Del Messier: I told traders to lower Libor submissions

Online - July 2012

Former Barclays chief operating officer considered chief executive Bob Diamond’s comments an instruction to lower them.
McFall calls for FCA regard over access to advice

29 Jun 2012

Lord McFall has tabled an amendment that would require the FCA to have regard to how easily consumers can access financial advice.
Royal London intermediary chief leaves in shake-up

28 Jun 2012

Three new roles created in restructuring at top of mutual insurer.
Govt reviewing Libor in wake of Barclays fine

28 Jun 2012

Chancellor says review is underway and could include the introduction of criminal sanctions.
Osborne confirms RBS and HSBC also being investigated over Libor

28 Jun 2012

Chancellor George Osborne confirms FSA also investigating UBS and Citigroup after record fine for Barclays.
FSA fines set for Govt coffers rather than cutting industry bill

28 Jun 2012

Chancellor George Osborne is considering ending current practice of using all fines to lower levies.
Labour calls for review of Libor arrangements

28 Jun 2012

Labour says criminal charges should be considered in manipulation case.
Plans shelved to bring Money Advice Service under FoI

28 Jun 2012

The Ministry of Justice has shelved plans to bring the Money Advice Service under the Freedom of Information Act, Money Marketing understands.
Tyrie: Barclays behaviour 'inexcusable'

27 Jun 2012

TSC chair Andrew Tyrie says attempts by Barclays to manipulate interbank lending rates is “inexcusable”.
Tyrie demands answers over RBS IT meltdown

27 Jun 2012

TSC chair Andrew Tyrie writes to FSA and RBS asking for details of causes and reaction to RBS’s IT failure.
Jersey minister suggests splitting from UK over tax attacks

27 Jun 2012

Senior Jersey politician says prepare for independence after Cameron’s attack on “morally wrong” tax scheme.
Pru's Tidjane Thiam to become ABI chair

27 Jun 2012

Prudential chief executive Tidjane Thiam set to replace L&G’s Tim Breedon in July.
Mervyn King insists new Govt scheme will boost lending

26 Jun 2012

Bank of England Governor Mervyn King says funding for lending scheme is an improvement on Merlin agreement.
BoE reviewing QE impact on savers

26 Jun 2012

Bank of England to provide TSC with “distributional impact” review of asset purchase programme by mid-July
King calls for FSA inquiry into RBS debacle

26 Jun 2012

BoE governor Mervyn King says FSA must get to the bottom of what caused collapse of RBS payments system.
Mervyn King: Rate cut would put building societies at risk

26 Jun 2012

BoE governor Mervyn King says QE chosen over base rate cut partly because of potential impact on building societies.
IFS: Pruning pensioner perks could fund Dilnot

26 Jun 2012

Institute for Fiscal Studies says “rationalising” pensioner perks could fund £1.7bn Dilnot LTC plan.
Occupational pensions could escape new European rules

21 Jun 2012

EC considering removing occupational pensions from Prips scope.
Lord McFall backs TSC veto over BoE governor

21 Jun 2012

Amendments for Financial Services Bill would require TSC consent for hiring and firing of governor.
Arch cru investors' judicial review bid is rejected

21 Jun 2012

Regulatory Legal has failed in its bid to launch a judicial review.
£110Bn boost to shelter UK from gathering storm

21 June 2012
Amendment bids to give FPC role to support Treasury policy

21 June 2012
'Don't make safeguards a straitjacket'

21 June 2012
Labour wants Hoban apology

21 June 2012
Reforms aim to solve UK dilemma

21 June 2012
Unbiased presses for MAS to boost referral traffic to IFAs

21 June 2012
Lord Turner brands Money Advice Service oversight 'unsatisfactory'

20 Jun 2012

FSA chair Lord Turner tells MPs that FCA will be too busy for increased oversight of MAS for two years.
MAS admits industry engagement has not been good enough

20 Jun 2012

Gerard Lemos has committed to more effective consultation over money advice work in future.
MAS: Our service is not 'crap' but could be much better

20 Jun 2012

MAS chairman Gerard Lemos has rejects Martin Lewis’ characterisation of the service’s offering as “crap”.
MAS looks to justify £19m marketing spend

20 Jun 2012

Money Advice Service chairman Gerard Lemos says money will help service close advice, pension and saving gap.
Lord Turner: MAS chief executive pay is too high

20 Jun 2012

MAS chief executive Hobman “acutely aware” it is a lot of money and do not take it for granted.
Shareholders get binding pay vote every three years

20 Jun 2012

Shareholders will get binding vote every three years, but rejected packages will face binding vote the next year.
Labour calls for Mark Hoban apology over new FPC objective

20 Jun 2012

Hoban was “politicking, plain and simple” when he refused to back call for new FPC objective, says Leslie.
10 questions Money Advice Service needs to answer

20 Jun 2012

MAS big wigs face the Treasury select sub-committee today, here is what they are likely to be asked.
Unbiased says MAS must improve signposting to IFAs

19 Jun 2012

Unbiased.co.uk says traffic it is getting is low compared to other consumer sites, and “journey to advice” must be clearer.
Practitioner Panel says utility firms should help fund MAS

15 Jun 2012

Financial Services Practitioner Panel says rising utility prices are likely to have an impact on people’s finances in the short-term.
Leadsom fears BoE appointment could become a political issue

15 Jun 2012
Thatcher, Thatcher candlestick snatcher?

15 Jun 2012

Iron Lady was apprehended by security guards while Prime Minister swiping silver candlesticks from the Treasury.
Osborne's big plans to boost mortgage and small business lending

15 Jun 2012

Funding for lending scheme aimed at helping banks increase lending levels.
Osborne: We've solved British banking dilemma

15 Jun 2012

Chancellor says his proposals on bank reform will get taxpayer off the hook and woo banks.
FPC to 'support' Govt economic policy, says Osborne

15 Jun 2012

Stability regulator set to report to Treasury on how its work supports Government economic policy.
Treasury waters down ICB banking proposals

14 Jun 2012

Mark Hoban says Government will follow Basel’s 3 per cent ratio rather than ICB’s proposed 4 per cent.
'Cut back FCA objectives'

14 June 2012
'Don't let BoE govern itself'

14 June 2012
IMA says financial firms should be allowed to hold MAS to account

14 June 2012
Labour vow on Finance Bill failings

14 June 2012
Life offices urged to back transfer incentive ban

14 June 2012
Lords urged to take time to improve bill

14 June 2012
MPs press for wide-ranging cost-benefit reviews

14 June 2012
NAPF in plea for exclusion from GAAP disclosure

14 June 2012
O'Donnell wants levy for Treasury work

14 June 2012
Advice UK says MAS spends too much on marketing

13 Jun 2012

Advice UK and Moneysavingexpert.com slam “narcissistic” brand building at MAS.
MPs launch stinging attack on Money Advice Service

13 Jun 2012

TSC members attack MAS as organisation that has lost its direction.
BBA warns ring-fence reforms will hit economy

13 Jun 2012

BBA chief exec Angela Knight sets out problems with expected Bank Reform Bill.
Labour says 'crafty' Cable is watering down shareholder power rules

13 Jun 2012

Shadow Business Secretary Chuka Umunna attacks Cable’s stance on annual votes.
Treasury rejects calls for industry levy

13 Jun 2012

Treasury rejects former senior civil servant’s call for the Treasury’s work on financial services to be funded by an industry levy.
Cable seeks to quash speculation on shareholder pay votes

12 Jun 2012

Business Secretary Vince Cable says “current thinking” is to stick with proposal of annual binding votes
HMRC to get power to demand changes to tax arrangements

12 Jun 2012

Treasury consults on General Anti-Avoidance Rule to crack down on “artificial and abusive” tax arrangements.
Ex-Boris adviser Anthony Browne to head BBA

12 Jun 2012

BBA confirms Morgan Stanley’s Browne will take reigns from outgoing chief executive Angela Knight
MPs call for no-fault dismissal to be scrapped

12 Jun 2012

Over 60 MPs sign motion calling for proposal put forward by venture capitalist Adrian Beecroft to be scrapped.
Former top civil servant calls for industry levy to fund Treasury

12 Jun 2012

Former Cabinet Secretary Lord O’Donnell suggests department’s financial services work should be industry funded.
Lord Lamont in last ditch call for total bank split

12 Jun 2012

Lord Lamont calls for total separation of investment and retail banks days before Government publishes ringfence white paper.
Labour: 'We will fix flawed reg bill no matter how long it takes'

12 Jun 2012

Labour in the Lords backs Treasury select committee over proposals to amend Financial Services Bill.
UK's Liechtenstein tax disclosure to raise three times more than planned

11 Jun 2012

UK and Liechtenstein strike deal to apply to 50 per cent charge to refuseniks.
Tories slam Osborne over claims Euro problems are "killing" recovery

11 Jun 2012

Conservative MPs call on Chancellor to more to boost UK growth.
Global markets rally on news of Spanish bailout

11 Jun 2012

EU finance ministers agree to provide Spain a loan to recapitalise banks.
Govt set to waterdown shareholder pay powers

11 Jun 2012

Shareholders will get binding vote every three years rather than annually as originally planned.
IMA: FSA's governance of MAS must be improved

8 Jun 2012

IMA says financial firms should be involved in holding service to account because they provide its funding.
Voluntary ETV code rules out cash incentives

8 Jun 2012

Code requiring firms to provide and fund advice should be adopted “without exception”, says Webb.
Aifa warns of misleading claims over passporting

8 Jun 2012
MPs say FCA objectives and accountability need rethink

8 Jun 2012

The Treasury select committee says “plethora” of objectives risk confusion and accountability measures are not enough.
MPs sound warning over BofE governance and accountability

8 Jun 2012

The Treasury select committee has renewed calls for toughening up of governance and accountability of the Bank of England.
Only 15 per cent happy with their pension saving, says Aegon

7 Jun 2012

International survey finds two thirds acknowledge they are responsible for retirement income with more people expecting to work into retirement.
Osborne defends Budget U-turns

7 Jun 2012

Chancellor says it is better to listen to concerns and change tack than “keep digging when you are in a hole”.
New reporting rules 'unnecessary' for pension funds, says NAPF

7 Jun 2012

NAPF says proposals to class pension funds as a financial institution requiring them to disclose what financial instruments they use are “unnecessary”.
Chambers calls for bold boost to the economy

7 June 2012
Govt may look to tempt private investors with 'growth bonds'

6 Jun 2012

George Osborne has asked officials to look at offering tax breaks to raise money to help fund infrastructure projects
HMRC staff back industrial action

6 Jun 2012

PCS union says budget cuts hitting ability to collect taxes and make no economic sense while Government seeks to cut deficit.
Tyrie: We must plan for Greek exit

6 Jun 2012

Treasury select committee chair Andrew Tyrie calls for IMF to change tack and work to ensure an orderly Greek exit from eurozone.
IFA centre calls for passporting firms to face scrutiny

31 May 2012

The IFA Centre is calling for advisers to report any instances of consumer detriment resulting from firms passporting into the UK.
ICB cap-ad plans can go ahead after Basel III deal

25 May 2012

The UK will be able to implement the Independent Commission on Banking’s recommended capital requirements.
Euro move may see rating agencies held liable for investor losses

25 May 2012

Rules to allow investors to sue credit-rating agencies for losses resulting from their ratings have moved a step closer.
Prips Euro edict could hit auto-enrolment

25 May 2012

Conservative MEP Syed Kamall is fighting against the European Commission including pensions in its regulation on packaged retail investment products.
MPs warn laws for financial directors will create 'litigation mountain'

24 May 2012

The FRC and Sir David Walker have warned MPs that strict liability for directors of financial institutions could lead to increased litigation.
Garry Heath: Delay RDR by 2 years

23 May 2012

Former IFA Association DG Garry Heath says European rules should be introduced ahead of RDR.
£25m RDR TV campaign needed, says Hobbs

23 May 2012

Lansons’ regulatory head Richard Hobbs says publicity akin to “tell Sid” campaign needed to inform consumers on RDR.
Schroders: Greece likely to exit euro by the end of Q3

23 May 2012

Centrist Government in fresh election vital if Greece is to stay in Europe, says Schroders European economist Azad Zangana.
HMRC admits to maths blunders in pension tax guidance

23 May 2012

Department admits it has made a number of mathematical errors in its official guidance on pension tax legislation.
Govt snubs mutual and diversity rule

23 May 2012

Government votes down amendment to Financial Services Bill aimed at placing pledge on mutuals in regulatory set-up.
Aegon to delist from London Stock Exchange

23 May 2012

Low trading behind decision to delist from London Stock Exchange in June.
A third of UK insurers fear industry will miss Solvency II deadline

23 May 2012

Annual Deloitte Solvency II report says figure has risen by 54 per cent in last year, despite 1 year delay to implementation.
FSA could review SME access to FOS following misselling claims

23 May 2012

Regulator’s review of interest rate swap ’misselling’ could lead to reassessment of FOS eligibility critria, says Lord Turner
Chasers claim consumer champs siding with banks

24 May 2012
King slashes UK growth forecast as the eurozone tears itself apart

24 May 2012
Posen may vote for further QE

24 May 2012
Spending watchdog warns of £2bn lost on Rocks

24 May 2012
MPs warned off strict liability for directors

22 May 2012

Financial Reporting Council and Sir David Walker warn MPs against introducing strict liability for directors of financial institutions.
Tyrie: BoE crisis role needs wider review

22 May 2012

TSC chair Andrew Tyrie says comprehensive review of Bank’s response to the financial crisis should have informed regulatory shake-up.
Govt finally releases Beecroft report

22 May 2012

Vince Cable says publication aimed at ’dispelling myths” around the report.
Labour: More voices needed in a crisis

22 May 2012

Labour amendment to ensure Chancellor is not reliant solely on Bank governor during a crisis to be debated in Parliament.
No-fault dismissal plans expected to be shelved

21 May 2012

Cable says proposal would leave staff under ’dead hand of fear’, according to reports
MPC's Posen to become president of the Peterson Institute

18 May 2012

MPC member Adam Posen will become president at the Peterson Institute for International Economics.
HMRC faces legal action over Singapore Qrops

18 May 2012

Law firm Dorsey and Whitney is planning group legal action over 55 per cent charge on investors in scheme while it was on recognised list.
Posen says UK may need more QE

18 May 2012

MPC member Adam Posen says he was “premature” to think current programme is enough
MP says don't heap the blame on advisers for Arch cru losses

18 May 2012

All-party Parliamentary group on Arch cru secretary Alun Cairns says it is for the FSA to hold IFAs so heavily responsible for client losses.
Peer slams FSA's 'loss of proportion' over Solvency II

17 May 2012

Lord Ashton says FSA’s implementation of Solvency II is costing insurers dearly.
Which? hits back at CMC trade body

17 May 2012

Which? rejects criticism joint call with British Bankers’ Association and MoneySavingExpert.com for better regulation of CMCs
Concept says HMRC is singling out Guernsey over Qrops move

17 May 2012
Long-term care funding must help poorest first

17 May 2012
Plans go ahead on pensions but LTC is looking sidelined

17 May 2012
Trio in plea to Clarke for MoJ to crack down on claim firms

17 May 2012
CMC trade body slams calls for tighter regulation

16 May 2012

Claims Standards Council says Which? and MoneySavingExpert.com should be “ashamed of themselves” for “siding with banks”.
BoE cuts growth forecast to 0.8%

16 May 2012

BoE inflation report says inflation will fall at a slower pace than previously expected.
Labour demands answers over costs of new regulator's HQ

16 May 2012

Shadow Treasury financial secretary Chris Leslie says ministers must come clean over “ballooning costs” of the regulatory restructure.
Liam Byrne escapes axe in Labour reshuffle

15 May 2012

Shadow Work and Pension Secretary loses policy review brief but stays in shadow cabinet.
'Urgent action' needed over claims firm regulation

14 May 2012

Which?, MoneySavingExpert.com and the British Bankers’ Association write to Justice Secretary calling for better regulation of claims firms.
BBA chief Knight to join Energy UK

14 May 2012

Angela Knight will join energy sector trade body when she steps down in July.
NAPF: Empower trustees to cut red tape

11 May 2012

NAPF sets out five specific things it wants the Government to address in its pensions Red Tape Challenge.
Former pensions minister Wicks calls for 'social insurance system'

11 May 2012

Malcolm Wicks says a “renaissance” of contributory principle is needed to restore confidence in welfare system.
MPs: Local govt pension schemes should target residential property

11 May 2012

MPs say local government pension schemes should consider investing in residential property to encourage institutional investors to follow suit and boost funding for housebuilding.
MoJ vow to crack down on chasers

11 May 2012

The Ministry of Justice has committed to improving its supervision of claim management firms, according to Labour peer Roy Kennedy.
Thinktank tells IMA to stop fund labelling after Arch cru debacle

11 May 2012

The Centre for Policy Studies is finalising a report that will call for the IMA to stop labelling funds, claiming it has vested interests.
Money Advice Service set for pay changes following MP pressure

10 May 2012

MAS is planning to make changes to staff remuneration packages following criticism of its chief executive’s £350,000 pay package.
Advisers press for MPs to widen MAS probe

10 May 2012

Advisers are calling on the Treasury select sub-committee to extend its inquiry into the MAS to include its controversial TV advert and consider whether the service should exist at all.
FSA takes action on interest rate swap misselling claims

10 May 2012
Lords warn that 70% of transaction taxes will be paid by City of London

10 May 2012
Osborne hits out at Euro plans for bank capital

10 May 2012
Osborne to set out bank reform plans

10 May 2012
Public survey of MPs' value for money

10 May 2012
Queen's Speech reveals deficit reduction, banking and pension reform

9 May 2012

The Queen confirms structural reform of banks, state and public pensions to come from Government this year.
Michael Johnson: I was never involved with Arch

8 May 2012

Centre for Policy Studies research fellow Michael Johnson denies role after online speculation over links with firm.
Osborne to outline ICB banking reform in June

8 May 2012

Chancellor George Osborne will set out plans for bank reform in Mansion House speech on June 14.
Michael Johnson: Stop IMA labelling fund sectors

4 May 2012

Centre for Policy Studies finalising report which says IMA should not label funds because of its ’vested interests’.
Osborne refuses to back EU bank capital rules

3 May 2012

Chancellor George Osborne says CRD IV is out of line with global standards set in Basel III
How much is an MP worth?

3 May 2012

The body which sets remuneration for MPs launches public consultation into MPs pay and pensions.
Advisers slam Miliband rip-off claims

3 May 2012

Advisers have accused Labour leader Ed Miliband of failing to appreciate the changing marketplace after he called for an end to “rip-off” pension charges.
Econ committee calls for wider and tougher tax on transactions

3 May 2012
Leadsom warns of a blind alley with no way out

3 May 2012
MPs to investigate delay in Government reply to Dilnot

3 May 2012
MPs want swap sale probe

3 May 2012
FSA reviewing interest rate swap 'misselling'

2 May 2012

Mark Hoban confirms regulator conducting review into sales after claims of misselling.
MPs reveal Money Advice Service probe plans

2 May 2012

Treasury sub-committee has published terms of reference for investigation into Money Advice Service.
MPs to write to Mark Hoban over Equitable Life

2 May 2012

MPs concerned over progress of compensation and advice given to potential claimants.
Fitch: Solvency II will pull rug from under securitisation recovery

1 May 2012

Ratings Agency warns fledgling recovery will be hit hard by new European capital rules for insurers
MPs launch corporate governance and pay inquiry

1 May 2012

TSC inquiry will look at role of boards, non-execs and shareholders in financial firms as well as pay and risk management.
Labour wants new Consumer Bill to stop 'rip-off' pension charges

30 Apr 2012

Labour leader Ed Miliband says bill would give FCA power to stop “rip-off” bank and pension surcharges.
Prudential Regulation Authority to be based in Moorgate

30 Apr 2012

Bank of England signs deal to occupy 150,000 sq ft at 20 Moorgate until 2027 which could cost £1m more a year than staying put.
Reports suggest Dilnot social care overhaul delayed

30 Apr 2012

Delayed white paper will instead include progress report on cross-party talks over long-term care funding.
MP raises fears over FCA prudential expertise

26 Apr 2012

Mark Field says it is of “enormous concern” that the FCA will carry out prudential regulation of investment firms similar to Arch cru, Keydata and MF Global.
MPs raise concerns about unwinding QE

26 Apr 2012

TSC members warn BoE gilt sell-off could hit bond yields and work needs to begin on how QE unwinding will work.
MP in warning over bank scrutiny

26 April 2012
MPs to press for TSC inquiry into interest rate swap 'misselling'

25 Apr 2012

Some 40 MPs are putting their name to official request for committee to investigate interest rate swaps.
FTT should catch more trades, says European parliament

25 Apr 2012

EP says FTT should be harder to avoid and go ahead even if all 27 member states are not on board.
Labour mortgage rate warning call voted down

24 Apr 2012

Govt votes down calls for lenders to warn borrowers of possible impact of future interest rate rises on payments
Govt may yield to MP concerns over BoE governance

24 Apr 2012

TSC withdraws amendment to Financial Services Bill after Govt says it backs thrust of committee’s proposals.
Pension fund FTT carve out 'unlikely', says MEP

23 Apr 2012

Econ committee member Kay Swinburne says MEPs unlikely to back pension fund carve-outs in vote later this week.
Should public pay for compensation cover?

20 Apr 2012

Steve Tolley reports on the European machinations blocking FSCS rerform and an innovative idea for alternative funding of compensation.
£54bn deficit for council pension schemes

19 April 2012
Financial firms defend cash gifts to Parliamentary corporate group

19 April 2012
Guernsey hit hard as HMRC chops Qrops

19 Apr 2012
Labour calls for firm fiduciary duty and MAS revamp

18 Apr 2012

Labour wants FCA to ensure availability of ’affordable and appropriate’ products.
Financial firms defend contributions to Parliamentary group

16 Apr 2012

Insurers, asset managers and consultancies have defended contributions to an all party Parliamentary group on corporate governance.
Labour warns over credit rating agency rules

16 Apr 2012

labour says proposed rotation policy risks entrenching main players without new entrants.
HMRC cuts more than 400 Qrops from new register

13 Apr 2012

HMRC’s Qrops crackdown cuts schemes in Isle of Man, New Zealand, Guernsey and Jersey.
Andrew Bailey favourite to take over Sants' PRA role

13 Apr 2012

PRA deputy chief executive designate Andrew Bailey is the overwhelming favourite to take the top PRA role following Hector Sants’ resignation.
Local government pensions schemes have deficit of £54bn, say TPA

13 Apr 2012

TaxPayers’ Alliance and Government says scale of deficit reinforces need for reform.
Govt pledges tough line to stamp out duty dodgers

13 Apr 2012

The Government has vowed to take a tough line on legal manoeuvres designed to avoid the new 7 per cent stamp duty on homes worth more than £2m.
IMA: Esma ban powers lack accountability

13 Apr 2012

The IMA has warned there is a lack of accountability in the European Commission’s proposals to give the Esma powers to ban products.
MPs in amendment bid to publish BoE minutes

12 Apr 2012

The TSC has tabled an amendment to the Financial Services Bill which would require the BoE’s court of directors to publish its minutes.
MP presses for FOS payout plus cash in court

12 Apr 2012

Mark Field has tabled an amendment which would allow consumers to accept the maximum FOS award and sue for further compensation in court.
EU to set the standard on product disclosure

12 Apr 2012

Providers of retail investment products across Europe will have to disclose information to investors in a standardised key information document.
Europe 'Catch-22' impasse blocking reforms for FSCS

12 Apr 2012

Experts are warning of long delays in resolving differences on EU compensation scheme proposals.
State pension could be taxed at source

10 Apr 2012

Office for Tax Simplification tax director John Whiting says move is “front runner” to simplify pensioner taxation.
Author: MPs need new tools to keep policymakers in check

10 Apr 2012

A new book on the Bank of England claims the Treasury select committee does not have the necessary tools to hold the bank to account.
Euro battle over RDR commission ban

6 Apr 2012

The European parliament wants to scrap a Mifid II proposal to ban commission for independent financial advisers across the European Union.
FSA may bypass Europe in FSCS funding review

5 Apr 2012

The FSA says it may push ahead with its review of the FSCS funding model before European directives on compensation schemes are agreed if delays continue.
Bank defends not asking for power over LTVs

5 Apr 2012

Deputy governor says power to limit mortgage borrowing should rest with Government, not regulators
Labour doubts MoJ is fit to regulate claim-chasers

5 Apr 2012

Labour peer Lord Kennedy says he will ask “fundamental questions” about the regulation of claim management companies.
Bank defender Knight quitting BBA

05 April 2012
MPs accuse Treasury of failing on mutuals

05 April 2012
Tory MP rejects Leslie's criticism of bill scrutiny

05 April 2012
Miliband repeats call for pension 'tax break' reversal

4 Apr 2012

Ed Miliband wants tax relief for top rate earners capped, but sums behind £1.6bn saving have been questioned.
Lagarde turns to US to boost IMF resources

4 Apr 2012

Christine Lagarde says needs more resources to shore up the global economy and bailout countries which can no longer meet their debts.
AFH Financial buys Arden in £924k deal

3 Apr 2012

AFH Financial will pay £337k up front with £587k dependent on post acquisition performance
Angela Knight to leave BBA

2 Apr 2012

Angela Knight is to step down as chief executive of the British Bankers’ Association.
PwC and RSM Tenon in row over auditing

2 Apr 2012

Tenon raised “serious concerns” about PwC auditing after due diligence threw up reporting errors, according to reports.
European parliament wants Mifid commission ban scrapped

30 Mar 2012

Proposed Mifid amendment would require commission disclosure rather than a ban.
FSA warns over "risk sandwiches" in promotions

30 Mar 2012

FSA guidance on financial promotions warns against separating risks and benefits and focusing on headline charges.
Lords attack FTT as unworkable and damaging to growth

30 Mar 2012

Peers condemn financial transaction tax as unworkable and a threat to growth
Treasury report admits it was not ready for financial crisis

30 Mar 2012

Treasury was stretched and under-prepared when financial crisis hit and should have brought more staff in.
Tory MP presses for FSA section 166 fair deal

30 Mar 2012

Amendment to the Financial Services Bill that would force the FSA to pay for section 166 reports.
Finance Bill confirms Budget changes

29 Mar 2012

Bill will put in place changes to taxation announced in last week’s and last year’s Budgets.
MPs to probe Money Advice Service effectiveness

29 Mar 2012

The Treasury select sub-committee is launching an inquiry into MAS which will look at its effectiveness and the salaries of its senior management.
Fitch says credit rating won't be hit

29 March 2012
FS Bill is being rushed through without scrutiny, warns Leslie

29 March 2012
Labour wants mortgage indemnity to be widened

29 March 2012
Osborne defends cutting top rate of income tax

27 Mar 2012

Chancellor tells MPs 50p rate was uncompetitive and changes to reliefs will mean wealthy pay more.
IFS: Stamp duty changes highlight need for property tax rethink

27 Mar 2012

IFS director Paul Johnson tells MPs stamp duty changes add to need for wholesale review of property taxation.
Interim FPC sets out capital and leverage control desires

23 Mar 2012

Interim-Financial Policy Committee asks for powers over capital and leverage requirements for financial institutions.
FSA: Failed bank bosses could be banned from top jobs

23 Mar 2012

The regulator’s business plan says it will publish proposals for blocking failed bank director’s taking similar roles.
Treasury on the defensive over "granny tax"

23 Mar 2012

Tory MPs raising concerns but Treasury minister takes to airwaves to defend the freeze in pensioners’ personal allowance.
Budget 12: Thinktank backs Osborne's "granny tax"

22 Mar 2012

IPPR says older people have been sheltered from effects of Government’s austerity drive.
MP spells out auto-enrol role for IFAs

22 Mar 2012
Cost of FSA's budget increase falls on largest firms

22 Mar 2012

The proportion of the FSA’s budget being funded by small firms has fallen by a almost half since 2008/09.
FSA's conduct of business unit costs increase by 25 per cent

22 Mar 2012

Increase in proportion of budget down to taking on staff in preparation for new regulatory structure.
FSA budget to increase by 15%

22 Mar 2012

FSA chief executive Hector Sants says rate of growth cannot continue and commits to proportionate costs.
New Qrops rules open all schemes to HMRC scrutiny

22 Mar 2012

New rules will mean legislative changes in the Channel Islands so providers remain compliant.
Budget 12: No impact on rating, says Fitch

22 Mar 2012

Rating agency Fitch says UK remains vulnerable to external shocks and has large challenges compared to AAA peers.
Lenders should warn borrowers on rate changes, says Labour

22 Mar 2012

Labour wants lender warnings on possible interest rate changes so borrowers are ’not caught off-guard’.
Cable wants shareholders to get the final say on pay

22 March 2012
Deadline on dealing with firms that fail to enrol staff

22 March 2012
Early access to pay for deposit on first home

22 March 2012
Hoban admits he can't find answer on FSCS funding

22 March 2012
'Lack of state pension clarity will hit advice'

22 March 2012
Leslie hits out at MAS strategy and healthcheck

22 March 2012
Lifting restrictions on Nest could break EU law, says Boulding

22 March 2012
MPs want universal charging structure

22 March 2012
NAPF says pension funds will not go for 100-year bonds

22 March 2012
Budget 12: Quicker rise in personal allowance confirmed

21 Mar 2012

Personal allowance will rise to £9,205 in April 2013, within “touching distance” of pledge of £10,000.
Budget 12: 15% stamp duty for £2m homes bought through firms

21 Mar 2012

£1.5bn raised by the levy will part fund quicker rise in personal allowance to £10,000.
Budget 12: Osborne confirms personal tax statements

21 Mar 2012

Chancellor George Osborne unveils plans for income tax payers to get breakdown of what they pay and how it is spent.
Budget 12: OBR nudges up UK growth forecasts

21 Mar 2012

The Office for Budget Responsibility nudges growth forecast for 2012 up to 0.8 per cent and revises borrowing projections downward.
EC approves transfer of Royal Mail pension to Govt books

21 Mar 2012

The European Commission has approved transfer of Royal Mail pension assets and liabilities to Govt books.
Budget 12: Personal allowance up to £10k by 2014

21 Mar 2012

The tax free personal allowance will rise to £9,205 in April 2013, then £10k a year later - 12 months ahead of plan.
Budget 12: What to expect from today's Budget

21 Mar 2012

Money Marketing’s simple guide to what you can expect from today’s Budget.
Budget 12: £2m houses face 7 per cent stamp duty

21 Mar 2012

£1.5bn revenue goes to funding quicker rise in personal allowance to £10k by 2014.
A toolkit with a difference

21 Mar 2012

On Friday, the BoE will ask for powerful new tools to manage financial stability.
Think tank slams "fundamentally flawed" loan guarantee scheme

20 Mar 2012

Institute of Economic Affairs says scheme will not boost lending and risks repeating mistakes in years before crisis.
Adviser hopes and fears ahead of tomorrow's Budget

20 Mar 2012

Steve Tolley asks four advisers what they would like the Chancellor to produce in his Budget next Wednesday
Top EU tax official presses for EU consensus over FTT

20 Mar 2012

European Commissioner for Taxation Algirdas Semeta dismisses pressure to move ahead with FTT without agreement from all 27 member states
OBR expected to increase growth forecasts

20 Mar 2012

The Office for Budget responsibility is expected to raise forecast for 2012 from 0.7 to 0.8 per cent, say reports.
Personal statements will tell taxpayers where their money goes

20 Mar 2012

Chancellor to set out tax and spend personal statements in tomorrow’s Budget, say reports.
Labour: Extend mortgage indemnity scheme beyond new builds

20 Mar 2012

Shadow housing minister Jack Dromey says new builds only make up 10 per cent of mortgage market.
Govt to back £20bn of SME lending by banks

20 Mar 2012

Move designed to make it cheaper and easier for banks to get wholesale funding.
Non-dom numbers down 16%

19 Mar 2012

Law firm McGrigors says Govt should look at abandoning plans to increase levy for those who reside in the UK for 12 years.
Thinktank slams 'dubious' 50p arguments

19 Mar 2012

Social Market Foundation says those campaigning for and against the top rate are putting forward ’dubious’ arguments.
Govt to take on £37.5bn Royal Mail pension liabilities

19 Mar 2012

Govt is expected to take on £37.5bn of liabilities and £28bn of assets, subject to EU approval.
Balls questions independence of HMRC 50p review

19 Mar 2012

Osborne avoided review by independent OBR for political reasons, says shadow Chancellor.
Stamp duty avoiders have 'had their warning', says Osborne

19 Mar 2012

Chancellor to unveil ’aggressive’ stamp duty avoidance measures at Budget.
Labour takes aim at Money Advice Service

16 Mar 2012

Shadow Treasury financial secretary Chris Leslie questions high pay, health check and strategy at the Money Advice Service.
Hoban: I've tried and failed to think of better FSCS funding

16 Mar 2012

Treasury financial secretary Mark Hoban tells MPs he tried and failed to improve FSCS levy structure
HMRC accidentally publishes Qrops guidance

16 Mar 2012

IoM and Guernsey Qrops rules look set for change after HMRC mistakenly publishes guidance on its website.
War of tactics as Labour looks to sway the TSC2

16 Mar 2012

Labour looks to expose TSC Conservative members.
Chancellor considers scrapping 50 per cent income tax rate

16 Mar 2012

Osborne is considering scrapping the top rate of income tax or reducing it 45 per cent in next week’s Budget, according to reports.
Tax committee chair warns Chancellor on pension 'guesstimates'

16 Mar 2012

All-party Parliamentary group on taxation chair Ian Liddell-Grainger says the Government should refrain from making any changes to pension tax in the Budget.
Questions raised over Labour's pension tax relief assumptions

15 Mar 2012

Standard Life head of pensions policy John Lawson says the cost-saving calculations behind Labour’s proposed new pension tax relief restriction are flawed.
Labour back removing Nest restrictions

15 Mar 2012

Shadow pensions minister Gregg McClymont says restriction have served their purpose and should be removed.
Aegon signs auto-enrolment cooperation deal with Nest

15 Mar 2012

Aegon and Nest agree support deal for firms running schemes from both providers.
MPs call for pension charges comparison site

15 Mar 2012

MPs are pressing the pensions industry to introduce a comparison website for products.
MPs want Nest restrictions lifted 'urgently'

15 Mar 2012

Work and pensions select committee says remove restrictions so Nest can compete more widely.
Hoban makes capital Euro plea

15 March 2012
MP claims structured ratings were 'a racket'

15 March 2012
MPs' fears over HMRC accountability

15 March 2012
Rating firms rail against mechanistic regulation

15 March 2012
'We don't have crystal ball,' admits S&P chief

15 March 2012
Shareholders could get binding vote on top pay

14 Mar 2012

BIS consults on plans to give shareholders a binding vote over executive pay.
NAPF: 100 year bonds 'too long-term' for most pension funds

14 Mar 2012

NAPF says pension funds are more interested in 30-50 year index linked debt.
MPs ask Guernsey govt to help keep Arch cru row out of court

13 Mar 2012

MPs meet Guernsey govt representatives after Guernsey-listed vehicles sue Arch cru Financial Products.
Hoban reveals FSA forced change in Arch cru marketing material

13 Mar 2012

Mark Hoban says FSA changed Arch cru literature but new powers on misleading promotions would see FCA warn investors.
Labour calls for new pension tax relief restrictions

13 Mar 2012

Ed Miliband and Ed Balls call for 50p relief rate to be cut to 26 per cent to fund reversing cuts to tax credits
Chasers' 'dodgy practices' come under spotlight

9 Mar 2012
Fears that Europe rating regulation could backfire

9 Mar 2012
MPs concern over accountability of HMRC

9 Mar 2012

A Treasury sub-committee report says there are serious questions about HMRC accountability.
MP: Minimise regulatory burden on dual firms

8 Mar 2012

SDLP MP says the Financial Services Bill should require regulators to “minimise burdens” on dual regulated firms.
Winners and losers from QE, says bank

8 March 2012
Advisers warn the cash-poor will be hit by mansion tax

8 March 2012
CII wants Labour to back professionalism plan

8 March 2012
Euro co-ordination review plan defeated

8 March 2012
Gilt rout defended rather than SME loans

8 March 2012
Leslie attacks Government refusal to back bid to publish FCA minutes

8 March 2012
No set plans for further easing

8 March 2012
'Selling at a loss reassures markets'

8 March 2012
Transparency has reduced rating role

8 March 2012
UK's AAA rating move didn't hit

8 March 2012
Hoban warns Europe over restricting UK regulators

7 Mar 2012

Treasury financial secretary Mark Hoban says national regulators must be able to apply stricter regulation than set out in European directive CRD4.
MPs push Govt for decision on consumer credit regulation

7 Mar 2012

BIS committee chair Adrian Bailey says delay causing “unacceptable” confusion for consumers and industry.
Labour: PRA should try to minimise recourse to FSCS

6 Mar 2012

Amendment to Financial Services Bill would require PRA to try and minimise costs to FSCS.
Govt admits it must do more over 'dodgy' claims firms

5 Mar 2012

Justice minister Lord McNally says money set aside by banks for PPI redress encouraging “dodgy practices”.
MEP Bowles presses for tax simplification

5 Mar 2012

Econ chair Sharon Bowles says too many exemptions make compliance and collection more expensive.
Labour peer to press for action on CMCs

5 Mar 2012

Lord Kennedy will today call for a crackdown on CMCs who are “ripping people off” by charging up to a third of payouts.
Warning over LibDem mansion tax plans

5 Mar 2012

A think tank has attacked the Liberal Democrats’ proposed mansion tax.
Labour attacks 'nonsense' Govt position on FCA minutes

2 Mar 2012

Shadow Treasury financial secretary Chris Leslie pressures Conservative TSC members to support their own calls.
Aifa chairman warns of 'regulation by hunch'

2 Mar 2012

Steve Tolley interviews Aifa chairman Lord Deben who wants judgement-based regulation to be axed.
MP says Budget will close stamp duty loophole

2 Mar 2012

Conservative MP expects the March Budget to close a loophole that allows people to reduce their stamp duty bill by buying a property in a company name.
IFAs back MPs on FCA cost-benefit analysis benchmarks

2 Mar 2012

IFAs have backed the Treasury select committee’s call for greater scrutiny of regulatory costs to be written into legislation.
Labour calls off push for FCA to police professionalism

1 Mar 2012

Treasury financial secretary Chris Leslie’s amendment branded “completely void”.
Accountability fears grow on FCA set-up

1 Mar 2012

Concerns are growing that the new regulatory structure could lessen the accountability of the FCA in important areas.
Customer care rule is not needed, says Aviva

1 March 2012
IFS says auto-enrolment will cut wages

1 March 2012
MP moves for annuity ban to push Omo

1 March 2012
Lib Dems call for progress on £10k personal allowance

29 Feb 2012

Liberal Democrats sign motion calling for Chancellor to go “further and faster” on coalition commitment
Parliament debates unlimited liability for directors

29 Feb 2012

Parliament set to debate proposals for financial institution directors to face unlimited liability for firm’s losses.
Posen: "Credit ratings not be all and end all"

29 Feb 2012

MPC member Posen says UK’s economic credibility would withstand a downgrade.
Practitioner Panel warns FCA will be able to ignore it

28 Feb 2012

The Financial Services Practitioner Panel says FCA must retain requirement to explain rejected panel recommendations.
Rock sale to Virgin Money was 'best deal for taxpayer'

28 Feb 2012

UKFI says Northern Rock sale will bring in £1bn in total with repayment of Government loans netting £11bn in next 15 years.
Calls for Royal Commission into BoE's work during crisis

28 Feb 2012

Author of new book into Bank’s role in crisis says Bank executives were “paralysed by dysfunctionality”.
MPs warn regulatory change could create 'defective' system

28 Feb 2012

The Treasury select committee has attacked the Government’s latest proposals for the FCA .
HMRC tightens up oversight of large tax settlement deals

27 Feb 2012

Move comes after MPs criticism of tax deal involving Goldman Sachs which “ripped-off” taxpayer to tune of £10m.
MPs launch workplace pension inquiry

27 Feb 2012

Work and pensions committee seeks to add to findings of its auto-enrolment inquiry.
Labour wants FCA to be required to publish minutes

27 Feb 2012

After Govt says publication of minutes is a matter for board, Labour tables financial services bill amendment to make it mandatory.
Saving into occupational pensions at 15-year low

24 Feb 2012

ONS figures show 48 per cent saving into workplace pensions, mostly in the public sector.
Labour moves to broaden FPC membership defeated

24 Feb 2012

Amendments to give committee more external members and ensure diversity defeated in Parliament
MEPs press for rethink on Euro mortgage edict

24 Feb 2012
MP calls for civil servants to give up company tax vehicles

24 Feb 2012
BoE court chair Sir David Lees re-appointed

24 Feb 2012

Sir David Lees will oversee regulatory switch and big increase in Bank’s power.
HMRC to launch 30 tax dodger task forces

23 Feb 2012

Teams to focus on high risk sectors including fashion industry and motor trade.
MP bids to hold directors to account for losses

23 Feb 2012

Steve Baker wants directors of financial institutions to be forced to take personal liability for their firms’ losses.
Aviva says FCA duty of care proposal is "unnecessary"

23 Feb 2012

Insurer says TCF rules and product intervention powers make duty to provide consumers appropriate level of care “unnecessary”.
Auto exemption for EEA staff

23 February 2012
BoE scrutiny amendment defeated

23 February 2012
Labour wants to widen FCA competition scope

23 February 2012
Lords ready to pass Financial Services Bill, says Newby

23 February 2012
Tories slam Miliband over donations from "predatory capitalist"

22 Feb 2012

Conservatives attack Labour “hypocrisy” for taking donations and giving job to “asset stripper” Andrew Rosenfeld.
IFS study of US firms links auto-enrolment to contribution fall

22 Feb 2012

The IFS says employees auto-enrolled into pensions are likely to stick to default contribution rates and investment strategies.
Labour sets out vision for FPC

21 Feb 2012

Labour wants financial stability regulator to consider UK’s international competitiveness and Government policy.
Labour: We must pass fiscal credibility test

21 Feb 2012

Shadow chief secretary Rachel Reeves turns on Government’s economic record to reinforce Labour’s new fiscally responsible image.
Labour backs TSC in row over BoE accountability

20 Feb 2012

Labour backs committee proposals for boosting accountability that were rejected by Government.
Govt wants European workers exempt from auto-enrolment

20 Feb 2012

DWP says auto-enrolling staff working in UK for firms based in Europe would be “complex and costly”.
BBA slams Livingstone 'hang a banker' jibe

20 Feb 2012

BBA attacks Ken Livingstone for calling for bankers to be hung one-by-one as an example to the others.
Labour wants new regulator's 'value for money' remit extended

20 Feb 2012

Call for FCA’s competition objective to be extended to consider how consumers can find appropriate value for money products.
MM Podcast: Tax efficiency or tax avoidance?

16 Feb 2012

New Economics Foundation and International Financial Centres Forum go head to head on offshore centres and tax.
Encourage youth to save

16 February 2012
Liechtenstein deal extended by HMRC

16 February 2012
MPs press for products that fund LTC costs

16 February 2012
Personal Touch chief exec Crawford quits

16 February 2012
Treasury sets up group to develop simple products

16 February 2012
Govt must do more to encourage saving, says think tank

13 Feb 2012

The IPPR says Government must help “squeezed generation” to save if they want to boost home ownership.
FPC must make sure it is listened to

13 Feb 2012

The Financial Policy Committee must make sure it is not ignored - as it has been by Barclays.
Cameron backs automatic SPA rises

10 Feb 2012

Raise state pension age automatically to avoid pensions “apartheid” between private and public sector, says PM.
EU mortgage rule vote delayed

10 Feb 2012

ECON committee vote on mortgage credit directive delayed to allow time to build consensus.
Labour wants FCA pricing reviews

10 Feb 2012

Labour is calling for the Financial Conduct Authority to regularly review product pricing and make recommendations to ministers.
Senior Tory's legal warning on regulators

9 Feb 2012

The Financial Services Bill does not give clear legal backing to the regulators’ new judgement-based approach, says Peter Lilley.
The MPs who will scrutinise financial regulation plans

9 Feb 2012

The committee will meet on February 21 and conclude by March 20.
Poor pension choices could equate to 5 years of extra contributions

9 Feb 2012

NAPF and PPI report says high charges and poor annuity choices could slash retirement income.
Disclosure deal to admit tax fraud

9 February 2012
Hoban doesn't see FTT spreading

9 February 2012
MEP backing shake-up for bank's court

9 February 2012
Thinktank says 50% tax rate review is too narrow

9 February 2012
Personal Touch CEO Doug Crawford steps down

8 Feb 2012

Crawford replaced by non-exec Max Wright until replacement is found.
Simple products steering group starts work

8 Feb 2012

Treasury launches group with task of aiding development of suit of simple financial products
MPs say Govt must help stimulate LTC market

8 Feb 2012

Health select committee moves to make sure people can buy products to cover costs of long-term care.
How the Chancellor's new control powers will work

7 Feb 2012

Power depends on Bank informing Chancellor of material risk to public funds - but what if governor and Chancellor disagree, again.
Chancellor defends FPC selection criteria

7 Feb 2012

Osborne says he wants FPC members to have “broad and current” experience but says legislating for qualifications would be a mistake.
Labour demands greater focus on consumer protection

7 Feb 2012

Labour has called for a raft of changes to the Government’s financial regulation plans before it will back the proposals.
Government ignores TSC warnings over BofE governance

7 Feb 2012

TSC not given veto over future Bank governor appointments.
Aifa wants cap on regulatory fees and accountability review

6 Feb 2012

Aifa says large budget increases should be signed off by Treasury.
Think tank calls on FSA to abandon 16% budget hike

6 Feb 2012

Institute for Economic Affairs says rise will hit consumers and should be reversed.
CII calls for FCA to consider professionalism

6 Feb 2012

The CII is lobbying MPs for FCA objectives to include requirement for professionalism.
HMRC suspends business record checks

6 Feb 2012

After criticism of regulatory burden on small firms, HMRC review says new, more targeted approach is needed.
Webb: Auto-enrolment review will go ahead in 2017

2 Feb 2012

Pensions minister Steve Webb says the review of auto-enrolment will go ahead in 2017 as planned and is likely to look at more than just restraints on Nest.
Advisers slam Webb over auto-enrol advice stance

2 Feb 2012

Advisers have hit out at pensions minister Steve Webb for saying it will be unnecessary for small firms to seek advice over auto-enrolment.
'Value for money' FCA

2 Feb 2012
Firms will have duty of care to customers

2 Feb 2012
ABI criticises PRA power to protect future policyholders

2 February 2012
'Bank governance plans don't go far enough'

2 February 2012
Chancellor can direct BoE in crises

2 February 2012
Committee to oversee UK and Euro communication

2 February 2012
Government reveals new auto-enrol staging dates

2 February 2012
Regulators will look into how rules affect mutuals

2 February 2012
Treasury snubs call to publish FCA minutes

2 February 2012
TSC says rapid switch will lead to mistakes

2 February 2012
Miliband accuses Cameron of lack of leadership over top pay

1 Feb 2012

Cameron refuses to action legislation to force banks to publish how many staff earn over £1m.
Tax fraudsters can come clean and avoid criminal prosecution

1 Feb 2012

New HMRC contractual disclosure facility is now in force.
IFS: HMRC 50p review "too narrow" for proper assessment

1 Feb 2012

The Institute for Fiscal Studies says time should be taken to gather evidence on move.
Hoban: French FTT does not mean eurozone tax is inevitable

1 Feb 2012

Treasury financial secretary Mark Hoban says France’s unilateral FTT does not make one across the eurozone inevitable.
Tory MEPs turn on Cameron's 'veto'

31 Jan 2012

Conservative MEPs attack ’veto’ which they say turned out to be nothing of the kind.
TSC will question Sants over PRA role

31 Jan 2012

TSC says it will digest evidence from Sants over RBS failure ahead of grilling over new role at PRA
Tyrie shuns Govt proposals for Bank accountability

27 Jan 2012

TSC chair Andrew Tyrie says internal reviews of policy decisions not good enough without radically reformed Court
Tyrie slams speed of Govt regulatory reforms

27 Jan 2012

TSC chair Andrew Tyrie slams Govt for publishing financial services bill before major committee report into FCA.
FCA and PRA will have single complaints system

27 Jan 2012

Govt accepts criticism dual compaints system will be less transparent and less effective.
Govt rejects banker calls over FPC remit

27 Jan 2012

Government snubs BBA call for financial stability watchdog to ensure “stable and sustainable” supply of credit.
Chancellor to direct BoE in a crisis

27 Jan 2012

Role of Chancellor in financial crisis strengthened in financial services bill.
Govt: FCA must decide whether to publish board minutes

27 Jan 2012

The Government leaves decision to publish FCA minutes up to board.
Govt backs calls for EU co-ordination committee

27 Jan 2012

Financial services bill requires committee co-ordinating communication between UK and EU regulators.
Government outlines new regulatory objectives

27 Jan 2012

Treasury proposals reflect concerns over previous objective of ensuring “confidence”.
FCA will have power to ban products for a year

27 Jan 2012

FCA power to ban or restrict products for up to a year without consultation kept in financial services bill.
Advisers slam Miliband cap

26 Jan 2012

Advisers slam recent political pressure on pension charges, saying it exposes a lack of knowledge among MPs of the actual fees most people are paying.
MP attacks King and his "debauched" monetary policy

26 Jan 2012

Conservative MP Douglas Carswell says Bank policy helped stoke credit bubble and is failing to deal with fallout from the crisis.
Steve Bee slams "out of date" Webb over small firm advice claims

26 Jan 2012

Steve Bee says small firms will need advisers to comply compliance with auto-enrolment not just choose products.
Leadsom calls for TSC to scrutinise Euro regulation

26 Jan 2012

TSC member Andrea Leadsom says the committee should have a stronger role in scrutinising European financial regulation.
'Axe non-disclosure if it's in public interest'

26 January 2012
MP: Show taxpayers how their money will be spent

26 January 2012

Conservative MP Ben Gummer is calling for the Government to introduce taxpayer statements explaining to people how their taxes will be spent.
Tyrie says BoE plan fails to tackle issue of accountability

26 January 2012
Webb looks at lifting Nest constraints

26 January 2012
Consumer panel warning over PRA

25 Jan 2012

The Financial Services Consumer Panel says PRA must have duty to consider its recommendations.
Wheatley: Bank advisers must do better

25 Jan 2012

FCA chief executive Martin Wheatley says there has been too much bad advice in the past.
Webb: Small firms will not need auto-enrolment advice

25 Jan 2012

Pensions minister Steve Webb says availability of simple products means small firms should not pay for advice unnecessarily.
As it happened: Webb at work and pensions select committee

25 Jan 2012

Live developments as pensions minister Steve Webb faces the work and pensions select committee over auto-enrolment.
MP calls for personal statements setting out how taxes will be spent

25 Jan 2012

Conservative MP Ben Gummer will today propose tax statements setting out how much tax you pay and how it is spent.
FSA board not culpable over RBS, says Walker

24 Jan 2012

Sir David Walker says FSA was a victim of ’wholly wrong’ mindset that markets had dealt with risk and were rational.
Webb "reflecting" on future of Nest restrictions

23 Jan 2012

Pensions minister Steve Webb tells MPs unexpected provider competition invites “reflection” on role of restraints.
British MEPs stay at top of Econ committee

23 Jan 2012

Lib Dem Sharon Bowles remains chair while Labour MEP Arlene McCarthy stays on as vice-chair.
British MEPs await vote on future at top of Econ committee

23 Jan 2012

MEPs will today decide whether to keep Sharon Bowles and Arlene McCarthy at the top of a powerful EU committee.
MPs dismiss Bank's accountability plan

23 Jan 2012

The Treasury select committee says Bank proposals to increase accountability are not enough.
Miliband calls on PM to stop RBS chief getting bonus

23 Jan 2012

Labour leader Ed Miliband says Cameron should take action to prove he is serious about taking on crony capitalism
Osborne denies UK damaged by euro treaty snub

20 Jan 2012

Chancellor George Osborne denies that the UK Government’s refusal to back treaty will damage British influence over European financial regulation.
Shadow housing minister apology over £60k union payments

20 Jan 2012

Parliamentary watchdogs say Labour MP’s Jack Dromey failure was unintentional but serious.
Germany eyes FTT concessions to get UK support

20 Jan 2012

Germany is considering pushing for UK-style share stamp duty in an effort to get tax applied across the EU.
PM 'supports' financial education in schools

20 Jan 2012

MP who led inquiry into financial education in primary and secondary schools says PM is supportive of campaign.
Political pressure grows on pension charges

20 Jan 2012

Parliamentary motion calling for urgent action on charges signed by over 40 MPs
FSCS funding review set for more delays

20 Jan 2012

European institutions put the investors compensation scheme directive on hold as they cannot reach agreement in key areas.
MPs' corporate governance probe will target fund managers

20 Jan 2012

The Treasury select committee will launch an inquiry into corporate governance, part of which will focus on the role of fund managers.
Pension Regulator warns charges cap will deter new entrants

19 Jan 2012

The Pensions Regulator has warned against a cap on pension charges, saying it would limit new entrants into the market.
Labour wants FSCS deposit guarantee to apply to brand

19 Jan 2012

Treasury financial secretary Chris Leslie says £85,000 limit should apply to each company not the groups which own them.
Lack of opt-out data could hide coercion

19 Jan 2012

Work and pensions select committee chair Ann Begg has raised concerns over employers not having to provide auto-enrolment opt-out rates to The Pensions Regulator.
Software firms pledge to meet deadline

19 Jan 2012
TSC: More accountability will mean better regulation

19 Jan 2012

The Treasury select committee has called on the Government to increase the accountability and transparency of the new financial conduct regulator.
Labour calls for retirement income review

19 Jan 2012

Industry experts suggest a Government review of GAD rates could be extended to look at reforming income drawdown rules.
'Overhaul FCA objectives'

19 January 2012
Trade bodies must back up complaints

19 January 2012
European parliament sounds alarm over EU budget treaty

18 Jan 2012

The EP has backed a motion saying fiscal pact must increase democratic accountability measures, address growth and include financial transaction tax.
Miliband attacks pension and bank charges

18 Jan 2012

Ed Miliband ready to push for charges cap and wants regulator to have power to intervene over bank charges.
Mervyn King rejects MPs' call for supervisory board

17 Jan 2012

King says instead of reforming Bank’s court, a new in-house oversight committee should be set up.
Dilnot warns on LTC cap following new Government advice

17 Jan 2012

Andrew Dilnot warns ministers not to go too far.
MPs: We will keep pushing for Arch cru inquiry

16 Jan 2012

MPs disappointed by PM’s rejection of calls for investigation but will continue to push for inquiry.
Clegg: More individuals must have stakes in their firms

16 Jan 2012

Nick Clegg calls for employee right to request shares in their company - EIS extensions being considered.
Ministers advised to increase proposed £35,000 LTC cap

16 Jan 2012

Ministers advised to cap individuals long term care funding liability at between £50,000 and £60,000.
Hoban warns risk modelling could price out insurance customers

13 Jan 2012

Treasury financial secretary Mark Hoban has warned that new risk modelling techniques could leave some demographic groups unable to afford insurance.
Labour's "shareholder activism" not the silver bullet, say lawyers

13 Jan 2012

Labour proposal for shareholder power over board appointments is not the answer to ineffective corporate governance, says CMS Cameron McKenna.
MPs want more accountability from FCA

13 Jan 2012

Treasury select committee report says current proposals do not provide adequate scope for scrutiny and must be improved.
TSC wants FCA objective overhaul

13 Jan 2012

MPs say current objectives need change to avoid confusion and perverse outcomes.
Leading MEP wants impact of transaction tax eased

12 Jan 2012

Sharon Bowles to press for exemptions to mitigate the effect of any planned European transaction tax on investors.
LibDems: Legal threat looms if single market is split

12 Jan 2012

The LibDems have warned that a financial transaction tax that does not cover all 27 EU member states could be a breach of the single market.
LibDems in warning over Euro budget deficit powers

12 Jan 2012

Any move to give the European Commission powers to take member states to court over budget deficits would be illegal, claim the Liberal Democrats.
Pension regulator to keep 'close eye' on employer advice post-RDR

11 Jan 2012

The Pensions Regulator is examining whether the RDR makes IFAs less attractive to firms navigating auto-enrolment.
Hoban: Insurance regulation will not take back seat

10 Jan 2012

Treasury financial secretary moves to reassure insurers they will not take a back seat to banks in new regulatory set up.
Euro pact rules could be forced on UK

9 Jan 2012

Eurozone crisis treaty draft says strict fiscal rules could become law for all EU members after five years.
Lagarde: Euro will survive 2012

6 Jan 2012

IMF chief Christine Lagarde backs Greece and says the embattled currency will survive the next 12 months.
Shell closes final-salary scheme to new members

6 Jan 2012

Oil giant becomes the final FTSE 100 company to abandon final-salary pension provision.
Labour peer Lord Glasman turns on Miliband and Balls

5 Jan 2012

Labour’s Lord Glasman slams weak Labour leadership and says 2012 must be a year of surprises from Ed Miliband and Ed Balls.
HMRC berated over red tape for small firms

5 Jan 2012

The Federation of Small Businesses has attacked the Government for failing to cut red tape for small firms.
Who's afraid of the big bad firms?

5 Jan 2012

As Europe still reels from the after shocks of the banking crisis, politicians of all colours are looking to redefine capitalism.
ASA probes claims in Unison pension ads

5 Jan 2012
Dilnot encouraged by LTC funding engagement

4 Jan 2012

Labour and Conservatives vow “constructive engagement” over Dilnot Commission’s recommendations.
ABI, unions and charities increase pressure over LTC funding

3 Jan 2012

Open letter signed by 47 bodies calls for political parties to find a consensus for funding of long term care.
McClymont: Miliband must avoid Tory 'tax and spend' trap

29 Dec 2011

Ed Miliband must not be seen as the defender of tax and spend to regain credibility.
Govt risks 'lost decade' of house building, says IPPR

28 Dec 2011

Govt not demanding enough of developers in exchange for subsidies, says Institute for Public Policy Research.
CIPD: Unemployment set to rise to 2.85m in 2013

28 Dec 2011

Public sector job losses will outstrip private sector growth.
Europe institutions clash over future of financial compensation schemes

16 Dec 2011

The European Council is at odds with other European institutions over the funding model and maximum guaranteed compensation levels of the investor compensation scheme directive.
Cameron veto could harm UK financial services influence

15 Dec 2011

Experts warn David Cameron’s decision could reduce the UK’s influence on financial services in Europe.
Bowles: UK looks like a sulky child

15 Dec 2011

Sharon Bowles has furiously attacked the Government’s approach to last week’s European negotiations.
Drake says new regulatory set-up will be more effective

15 Dec 2011

Financial Services Bill committee member Baroness Drake says the new regulatory structure is likely to deliver more effective regulation.
BDO warning that transaction tax could be forced on all states

15 December 2011

BDO has warned that the EC could force the financial transaction tax on all member states, including the UK, by changing it from a tax to a charge.
OFT set to refer private healthcare market to Competition Commission

15 December 2011
Nest's Govt loan cost to rise after auto-enrolment delay

14 Dec 2011

Nest officials tell MPs restrictions placed on Nest will restrict access for target market.
Money Advice Service chief defends £350k pay to MPs

13 Dec 2011

MAS chief executive Tony Hobman says vital work of service justifies salary £100,000 higher than PM.
Turner defends Sants as MP questions his future PRA role

12 Dec 2011

FSA chairman Turner defends Sants after senior MP criticises regulator over its RBS report.
Make financial education compulsory, say MPs

12 Dec 2011

Parliament’s biggest All-party group calls for compulsory education in primary and secondary schools.
UK left isolated in Europe over intergovernmental treaty

9 Dec 2011

All other member states are in negotiations or will consider signing a new mini-treaty while Britain alone refuses.
Transport permanent secretary is new HMRC chief

9 Dec 2011

Homer will replace Lesley Strathie who stepped down last month on health grounds from January 2012.
NAPF wants 2017 auto-enrol review postponed

8 Dec 2011

The National Association of Pension Funds is calling for a delay to the 2017 review of auto-enrolment.
Transfers could distract from Nest's social purpose

8 Dec 2011

Adrian Boulding says scrapping the transfer bans and contribution cap from Nest would see the scheme distracted from its key focus.
OFT refers private healthcare market to competition commission

8 Dec 2011

OFT “provisionally decides” to refer market to Competition Commission over concentration and cost transparency concerns
MPs want FCA powers to set minimum product standards

8 Dec 2011
HMRC unit to track down tax dodgers

8 Decemeber 2011
UK to rework Swiss tax deal as it falls foul of EU

8 Decemeber 2011
George Osborne defends 'unreliable' OBR projections

7 Dec 2011

Chancellor also announces Budget will be held on March 21.
Drake pleads for DWP to keep small firms in auto-enrolment

7 Dec 2011

DWP urged not to give into inevitable pressure for small firms to be exempt from auto-enrolment
Life assurance premium relief cut is "cruel move" aimed at soft targets

7 Dec 2011

Royal London head of corporate affairs Gareth Evans says life assurance premium relief cut will hit elderly and poor.
Dilnot calls for LTC funding advice triggers

6 Dec 2011

Andrew Dilnot says trigger points should be found for people to be signposted to advice over long term care funding.
Roger Bootle: OBR projections too unreliable to base policy on

6 Dec 2011

Buffeted by economic uncertainty, OBR projections cannot be relied upon, says Capital Economic MD.
Hutton: Gloomy growth outlook increases need for public sector pension reform

5 Dec 2011

Lord Hutton says recent downgrades to UK growth forecasts will hit sustainability of public schemes.
Public sector workers tell us why they walked out

2 Dec 2011

Money Marketing hits the streets to ask strikers why they walked out.
Labour: We must have transparency on pension charges

1 Dec 2011

Labour Shadow pensions minister Gregg McClymont calls for transparency on pension charges and help on auto-enrolment for small businesses
MPs set to debate pension charges

1 Dec 2011

Work and pension select committee member Brandon Lewis secures Westminster Hall debate on pension charges
IFS pours cold water on Osborne's plan for growth

1 Dec 2011

The Institute for Fiscal Studies says it is “running out of superlatives” to describe unprecedented scale of cuts.
Pension experts attack 'huge mistake' of auto-enrol delay

1 Dec 2011

Government has been attacked over its decision to delay automatic enrolment for small businesses.
AS 2011: Fear that euro crisis could hit UK growth

1 December 2011

Chancellor George Osborne says if European leaders cannot find a solution to the European sovereign debt crisis, the Government’s new growth forecasts could be far too optimistic.
AS: Balls slams 'catastrophic errors'

1 December 2011
AS: MPs criticise pension infrastructure move

1 December 2011

Labour MPs have raised concerns about the potential cost of the Government’s plan to get UK pension funds investing in infrastructure projects.
Cable claims plans will knock down employment barriers

1 December 2011
Cameron considers opening inquiry into Arch cru failure

1 December 2011
CEBR says 50% rate on income tax will cost HMRC £1bn a year

1 December 2011
Regulator to clarify compensation for investors

1 December 2011
Auto-enrolment delay will cost £5bn in lost savings

30 Nov 2011

Adrian Boulding says the delay to auto-enrolment will cost £5bn in lost contributions.
AS 2011: Balls slams 'catastrophic' Govt policy for hitting recovery

29 Nov 2011

Balls tells Osborne he should listen to OBR’s projections which show Govt policy is undermining recovery.
AS 2011: VCT £1m limit to be removed

29 Nov 2011

The £1m investment limit on venture capital trusts will be lifted, according to the new autumn statement from the Chancellor.
AS 2011: Govt confirms EIS with 50% relief and freezes CGT threshold

29 Nov 2011

Scheme will begin April and offer 50 per cent relief for investments into small firms of upto £100,000
AS 2011: OBR downgrades growth and increases borrowing projections

29 Nov 2011

Forecaster says growth for 2011 will be 0.7 per cent down from previous estimate of 1.7 per cent.
Chancellor to launch new EIS in small firm investment package

29 Nov 2011

Chancellor to announce investment scheme and extension to business rate holiday, according to reports.
Sums in Conservative Party's mortgage bombshell leaflet "too simplistic"

29 Nov 2011

Reform chief economist Patrick Nolan says more to interest rate rises than increased Govt spending.
Experts raise concerns over auto-enrolment delay

28 Nov 2011

Adrian Boulding brands the move a “huge mistake”.
Tyrie wants more detail on impact of 'Robin Hood' tax

25 Nov 2011

TSC chair has written to George Osborne asking for clarity on overall impact of financial transaction tax on the UK.
Labour warn over auto-enrolment delay

25 Nov 2011

As reports suggest auto-enrolment could be delayed for small firms, Labour warns lack of saving means there should be no slippage.
Michael Johnson says professional trustees put their jobs before members

25 Nov 2011

Johnson says professional pension trustees may not act in the best interests of beneficiaries in order to preserve their jobs.
Advisers urged to view Money Advice Service as business boost

25 Nov 2011

Mark Hoban says it will prime people for regulated financial advice.
Labour: Why was pension mortgage access plan dropped?

24 Nov 2011

Why were proposals to allow access to pensions to fund mortgage deposits removed from the Government’s housing strategy.
50p income tax could cost Govt £1bn a year

24 Nov 2011

Centre for Economic and Business Research says individuals will minimise exposure.
E-petition calls on Treasury to force RDR delay

24 Nov 2011

Petition has 235 signatures but needs 100,000 to be considered for Parliamentary debate.
Andrews joins Moneygate to build up adviser network

24 November 2011
CML says quality won't be in danger

24 November 2011
FSA working towards twin peaks

24 November 2011
Hoban says Rock sale is good deal all round

24 November 2011
'Judge Esas on improvements for the public'

24 November 2011
Labour calls for child funds to be merged

24 November 2011
Leslie looks at pushing for FCA legal accountability

24 November 2011
Thinktank warning of opt-out rise

24 November 2011
FSA will review information given to Arch cru investors

23 Nov 2011

FSA also mulling meeting of all relevant parties to address concerns.
Cameron will look "very carefully" at calls for Arch cru inquiry

23 Nov 2011

Labour MP Tom Greatrex attacks “dead hand of the Treasury” for blocking investigation.
MPs told councils should refer care funding queries to IFAs

22 Nov 2011

Partnership’s Chris Horlick tells MPs councils should refer self funders asking about care costs to IFAs
Hoban rejects "asset stripping" criticism over Northern Rock deal

22 Nov 2011

Treasury financial secretary Mark Hoban says use of NR capital base to fund sale does not amount to asset stripping.
Labour and Conservatives clash over Northern Rock sale

22 Nov 2011

Treasury financial secretary Mark Hoban says no credible plan for remutualisation was put forward.
Government unveils mortgage indemnity scheme details

21 Nov 2011

£400m fund to kick start the housing market.
CML: Government MIG scheme will not lead to more risky loans

21 Nov 2011

Labour warns MIS must help buyers and not artificially raise house prices or hit bank stability.
Senior Tories on the attack over European transaction tax

21 Nov 2011

Cameron and Merkel fail to agree over European transaction tax.
Solicitors take twice as long over property sales

18 Nov 2011
Scrutinising FPC will no easy matter, says Turner

18 Nov 2011
Labour says Treasury pushing for auto-enrol small business exemption

17 Nov 2011
Sants: Regulator can't compete on risk salaries

17 Nov 2011

Attracting high-quality staff from the private sector to deliver the new judgement-based approach to regulation is proving difficult.
Coalition urged to keep promise to promote mutuals

17 November 2011
Cole seeks to limit super-complaints

17 November 2011
FSA calls for bill to set out firms' responsibilities

17 November 2011
Moneygate hires former AWD director

16 Nov 2011

Moneygate says move frees up Dennis Reed to focus on acquisitions, bolstering future expansion plans.
Germany slams UK for shunning EU 'Robin Hood' tax

16 Nov 2011

German chancellor Angela Merkel puts pressure on UK to support a Europe only financial transaction tax.
Osborne: Bank ringfencing will not be "shoehorned" into current bill

16 Nov 2011

Chancellor says the majority of the Independent Commission on Banking’s proposals will be implemented through fresh legislation.
Which? slams 8.8% commission bank advisers

16 Nov 2011

Which? has slammed bank and building society advisers after 32 out of 37 gave poor investment advice to its mystery shoppers.
Labour MPs Pearce and McFadden appointed to TSC

15 Nov 2011

Labour MPs Pat McFadden and Teresa Pearce have replaced Tom Blenkinsop and John Cryer on Treasury select committee.
Government under pressure over banking reform deadline

15 Nov 2011

FPC member Robert Jenkins calls for Independent Commission on Banking proposals to be implemented within 2 years.
TSC backs Office of Tax Simplification appointments

14 Nov 2011

TSC says ex-MP Michael Jack and CIOT’s John Whiting have independence and competency for OTS roles.
Which? wants more TSC scrutiny of FCA

11 Nov 2011

Consumer bodies have called for increased Parliamentary accountability for the Financial Conduct Authority.
Auto-enrolment costs may see employee benefits cut

10 Nov 2011

Federation of Small Businesses says auto-enrolment will impose significant start-up costs on small businesses.
Turner: Make FCA minutes public

10 Nov 2011

FSA chairman Adair Turner and Treasury financial secretary Mark Hoban have called for the publication of the board minutes of the FCA.
Leadsom says Margaret Cole should have been FCA chief

10 Nov 2011

TSC member Andrea Leadsom questions why their are no women at the helm of the FSA.
Begg claims FSB scheme AMC will be too high

10 November 2011
Campaign aims to explain RDR

10 November 2011
Competition should be objective to avoid more consolidation

10 November 2011
FSA says it is keeping watch for churning

10 November 2011
King backs bid to make BoE more accountable

10 November 2011
MPs regret regulator's decision to reject delay

10 November 2011
Passporting crackdown on the way

10 November 2011
Refusal to release minutes defended

10 November 2011
Rejection dictates new stance

10 November 2011
'Small businesses will see Nest as the simple option'

10 November 2011
SMF calls for a cash matching plan to offer saving incentives

10 November 2011
Workload is manageable

10 November 2011
TSC wants veto over BoE governor

9 Nov 2011

TSC says veto over hiring and firing of Bank’s governor is vital for post’s credibility and independence.
Government and FSA at odds over FCA objectives

9 Nov 2011

Treasury financial secretary Mark Hoban has defended the FCA’s objectives, despite pressure from MPs and the FSA to change them.
TSC: FSA's RDR behaviour will be addressed in FCA inquiry

5 Nov 2011

Formal response to MPs’ RDR report says 91% of advisers expected to meet QCF level 4 deadline.
Don't blur the line on regulation and competition

4 Nov 2011

Giving the FCA a primary competition objective would blur the line between regulators and the competition authorities, says Nationwide BS.
Nationwide: More downgrades are on the way

4 Nov 2011

Nationwide expects to see further downgrades of banks and building societies as the Government reduces its support for financial institutions.
ABI: Axe objective for pre-policy protection

4 Nov 2011

The ABI has called for the PRA’s statutory insurance objective to protect consumers before they become policyholders to be removed.
Don't blame me, says Sants

3 Nov 2011

FSA chief executive Hector Sants has told MPs he is not responsible for any of the regulatory failures that affected consumers during his tenure.
FCA chief doesn't want product approval

3 Nov 2011

Martin Wheatley says the FCA should not have the power to pre-approve products.
Margaret Cole defends plan for early warning

3 Nov 2011

The FSA has defended proposals to give the FCA the power to publish warning notices against firms and individuals.
Sants calls for board powers

3 Nov 2011

FSA chief executive Hector Sants has called for the regulator’s board to be strengthened in an effort to improve the accountability of executives.
Senior staff exodus has hit UK showing on Esas

3 Nov 2011

Senior staff departures have disrupted the UK’s representation on European Supervisory Authorities, according to FSA chief executive Hector Sants.
Turner wants revision of the FCA's objectives

3 Nov 2011

Senior figures at the FSA have called for changes to the statutory objectives of the Financial Conduct Authority.
Turner: Making regulators accountable places cost burden on the industry

3 Nov 2011

Adair Turner says any moves to make regulators and their staff more legally accountable for their decisions may undermine judgement-based regulation.
TSC MPs hit out at 'hollow apology' from Sants

3 Nov 2011

TSC members have slammed Sants’ apology over the FSA’s pre-emptive rejection of the committee’s RDR report.
DWP staff lose 150 laptops in five years

3 Nov 2011

DWP staff have lost 154 laptop computers since 2006.
ABI: FCA's product powers go too far

3 Nov 2011

The ABI says the FCA’s proposed new product intervention powers should be scrapped.
Insurance expertise required

3 November 2011
Jenkins wins select support

3 November 2011
Markdown costs Yorkshire in the wholesale market

3 November 2011
Tyrie says BoE must reveal crisis minutes

3 November 2011
Thinktank: Abolish higher rate tax-relief on pension lump sums

2 Nov 2011

Centre Forum calls for lump sums over £42,475 to be taxed at relevant income tax rate.
Govt tells banks it will not support EU's financial transaction tax

2 Nov 2011

Chancellor George Osborne has written to banks saying there is a lack of international consensus on the tax.
FSA bosses call for changes to objectives of FCA

1 Nov 2011

Adair Turner and Martin Wheatley raise concerns over confidence and competition roles.
Hector Sants apologises for rejection of TSC RDR report

1 Nov 2011

FSA chief apologises for its pre-emptive rejection of the Treasury select committee’s report into the RDR.
Tyrie warns time pressures hindering scrutiny of new reg structure

1 Nov 2011

TSC chair Andrew Tyrie has written to committee scrutinising regulatory changes to co-ordinate efforts.
Thinktanks: Junior Isas will only benefit wealthy

31 Oct 2011

Two thinktanks say Junior Isas will only benefit wealthy investors ahead of their launch tomorrow.
Miliband slams Govt business tax changes

31 Oct 2011

The Labour leader says changes to tax system will boost banking and promote short-termism.
Meacher: Compass plan B proposal 'doesn't cut the mustard'

31 Oct 2011

Labour MP says proposals for economic plan B must be fully costed to be taken seriously.
MPs attack Bank of England for not releasing crisis documents

31 Oct 2011

TSC chair Andrew Tyrie calls on Bank of England to reconsider his request.
TSC backs ex-IMA chair Robert Jenkins for FPC

27 Oct 2011

Committee says Robert Jenkins has competence, commitment and independence for the role.
Tyrie fears liquidity squeeze is thwarting lending

27 October 2011
MPs to quiz FSA over Arch cru package and IFA liability

26 Oct 2011

MPs will quiz the FSA next month over the fact investors will be left having to claim against their IFA.
Tyrie calls for help assessing FSA cost benefit analyses

25 Oct 2011

TSC chair Andrew Tyrie wants to see firms regulatory costs to compare them against FSA expectations.
Webb: No change to auto-enrolment

24 Oct 2011

Pensions minister Steve Webb says Beecroft report recommendations will not change auto-enrolment.
Top-up will still be needed to get to 60% target

20 October 2011
Drake tells MPs of her concerns over Nest transfer ban

20 October 2011
Falling incomes set to slash numbers for auto-enrolment

20 October 2011
'FCA too focused on perception rather than fact'

20 October 2011
Providers need to take on duty of care for deferred benefits

20 October 2011
'Scrap the cap and save £100m'

20 October 2011
Short-service refunds could influence choice

20 October 2011
Vickers denies ICB plans will raise lending cost

20 October 2011
Mortgage cover vital to cut repos

14 Oct 2011

Increased take-up of insurance policies that cover mortgage payments is vital to keep the number of future repossessions down, according to BSA head of mortgage policy Paul Broadhead.
Lansley will not rule out shunning Dilnot reforms

14 Oct 2011

Health Secretary Andrew Lansley has refused to quash rumours that the Government could sideline the social care funding reforms proposed by the Dilnot commission.
Duncan Smith quells flat-rate delay fears

13 Oct 2011

Iain Duncan Smith has dismissed fears that advisers could be at risk of misselling if the flat-rate pension is not in place by the time pension auto-enrolment gets under way.
Advisers rue Reeves' departure from role

13 Oct 2011

Advisers have slammed Labour’s decision to promote Rachel Reeves from her role as Shadow pensions minister.
Equitable Life redress ruling 'unfair'

13 Oct 2011

Pensions select committee member Andrew Bingham brands Equitable Life ruling “unfair and wrong”.
Euro rules hitting pension values

13 October 2011
Pension clarity call for public/private partnership plan

13 October 2011
Nest transfer ban 'benefits industry at expense of employees'

12 Oct 2011

Baroness Drake tells Work and Pension select committee that transfer ban can ’only benefit industry’.
'Immigration won't solve pension funding crisis'

12 Oct 2011
Dilnot: Coalition has a moral duty to my care cash reforms

7 Oct 2011

Andrew Dilnot issues a warning to David Cameron and Nick Clegg over his funding recommendations.
Intervention urged on pension charges over 1.5%

7 Oct 2011

The Govt should intervene over pension charges on schemes where people are auto-enrolled if they have an AMC of more than 1.5%.
Friends wants 12% auto-enrol minimum payment

7 Oct 2011

Friends Life head of corporate benefits Martin Palmer says the 8 per cent minimum contribution under auto-enrolment should be increased to about 12%.
Altmann says give firms tax breaks for auto advice

6 Oct 2011

Saga chief says the Government has an obligation to ensure people have access to advice on auto-enrolment.
Government's pension reforms are sending the wrong message, says Eagle

6 Oct 2011

Shadow Treasury chief secretary Angela Eagle has attacked the Government’s pension reforms, claiming they put people off saving for retirement.
Complainants' fees should be spread to FOS

6 Oct 2011

Advisers want the Government to extend its plan to introduce fees for employment tribunal complainants to the FOS.
TSC member: 'Select committee flogging a dead horse on RDR'

6 Oct 2011

Andrea Leadsom warns advisers that keeping up the RDR pressure is low on the committee’s list of priorities.
Late delivery for financial reform report

6 October 2011
Leslie calls for renaissance of financial services sector

6 October 2011
Miliband gives support on financial transaction tax

6 October 2011
MP fears RDR will cut diversity

6 October 2011
Pomeroy calls for generic products

6 October 2011
'Swiss tax deal is a disgrace'

6 October 2011
Top-rate tax could be cut to 40% in return for forfeiting relief

6 October 2011
Volatility will mean more auto opt-outs

6 October 2011
TSC member warns over RDR threat to diversity

3 Oct 2011

Jesse Norman has raised concerns that the retail distribution review will lead to reduced diversity in financial services.
Tyrie: new regulators must not be used for social engineering

3 Oct 2011

TSC chair calls for new financial regulators to have a clarity of purpose.
Andrew Tyrie attacks Government growth strategy

3 Oct 2011

TSC chairman says Cameron’s growth strategy is incoherent and inconsistent.
Labour in Liverpool: A conference in pictures

30 Sep 2011

A look behind the scenes and around the fringes of this week’s conference.
Chris Cummings says industry must not reject new regulation

30 Sep 2011

City UK chief executive says financial services industry must not to push back against additional regulation.
Labour: Love calls on FCA to push mutuals

30 Sep 2011

TSC member Andy Love wants new regulator to be given a primary objective to foster diversity and promote mutuals.
Labour: MPs fear TSC will crack under heavy workload

30 Sep 2011

Committee scrutinising financial services bill is concerned Treasury select committee will not be able to cope.
Labour warns tough conditions will increase auto-enrolment opt-outs

29 Sep 2011

Angela Eagle says people have less disposable income and will be put off paying money into a pension.
Demand for BTL loans pushes up banks' lending

29 September 2011
'Rework FSCS to aid least risky firms'

29 September 2011
Too early to say if finance bill will be a vehicle for bank reform, claims Cable

29 September 2011
Labour to target higher-rate pension tax relief

28 Sep 2011

Shadow pensions minister says too much Government money is being spent on pensions for the well off.
Labour: ABI warns new regulations could restrict advice

27 Sep 2011

Director general Otto Thoreson warns the Financial Conduct Authority’s regulatory agenda could end up restricting access to advice.
The LibDems in Birmingham: A conference in pictures

23 Sep 2011

Sven-Goran Eriksson clones, Ming mannequins and Nick Clegg sing-alongs. MM reporter Steve Tolley’s Birmingham experience in pictures.
Change FCA aim to ensuring fairness and transparency

23 Sep 2011

The FCA’s single strategic objective should be changed to maintaining a fair and transparent market for consumers, says Which?
Does bank guarantee take away caveat emptor?

23 Sep 2011

The FSCS’s guarantee of bank deposits has not taken responsibility away from the consumer, according to replies to a question posed by a joint committee member.
FSCS chief says funding must be fairer for smaller firms

23 Sep 2011

Mark Neale says it is vital the FSCS new funding model treats small businesses fairly and is supported by the industry.
Link customer complaints and bonuses, says Which?

23 Sep 2011

Which? has called for financial institutions to link senior managers’ bonuses to the number of complaints against their company.
Steve Webb positive on save more tomorrow pledge

22 Sep 2011

Pensions minister says the Government should look at strategies to increase pension contribution levels after auto-enrolment has been introduced.
Steve Webb defends Nest focus on caution

22 Sep 2011

Pensions minister Steve Webb has defended Nest’s cautious investment strategy.
Co-op: We are the only credible Lloyds' bidder

22 Sep 2011

Co-operative Financial Services chairman Paul Flowers claims the mutual is the only “credible” bidder for the Lloyds bank branches.
Demographic dangers

22 September 2011
FSA investigates small Sipp firms over Ucis risks

22 September 2011
Over-50s need advice on auto-enrolment

22 September 2011
Money Advice Service chief defends TV ad claims

21 Sep 2011

Toby Hobman has defended the use of the words free, unbiased and independent in its recent TV ad.
LibDem conference: Auto-enrolment risk warnings must be deployed

20 Sep 2011

Ros Altmann says certain demographics need to be warned over Government reforms.
LibDem conference: Over-50s must receive face-to-face auto-enrolment advice

20 Sep 2011

Lord Oakeshott warns of “real danger” of misselling.
LibDem conference: Cable calls for speedy passage of ringfencing law

18 Sep 2011

Introducing bank rules through financial services bill will increase pressure on regulatory reform timetable..
LibDem conference: Additional 2250 inspectors to fight tax evasion

18 Sep 2011

Treasury chief secretary also confirms LibDem “aspiration” to raise income tax threshold to £12,500.
TSC calls for evidence in FCA probe

16 Sep 2011

Treasury select committee inquiry will look at objectives, powers and accountability of the FCA.
Poland makes financial compensation scheme reform a European priority

16 Sep 2011

Poland makes it priority of the European Council to finalise position on the Investor Compensation Scheme directive by the end of the year.
Money Advice Service levies could soar due to new role

15 Sep 2011

Funding of new debt advice role to be confirmed but could see industry levies rise by 60 per cent.
New rules will 'cut throat' of New Zealand Qrops

15 Sep 2011

New Zealand Qrops provider Super Trustee Fund has written to the New Zealand government calling for it to scrap proposals which it claims could end the country’s Qrops market.
'Ringfencing will not halt the recovery'

15 Sep 2011
Bank reforms aim to get taxpayers off the hook

15 September 2011
Banks must get houses in order by 2015 or face penalty

15 September 2011
CII calls for panEuropean body

15 September 2011
Double-tax fears over new Swiss disclosure deal

15 September 2011
European adviser federation link-up for property disputes

15 September 2011
Isle of Man pushes financial sector

15 September 2011
CII: FCA must take chartered status into account

14 Sep 2011

The CII is calling for the Financial Conduct Authority to take chartered status into account when judging the culture of firms.
Unions to ballot for sustained strike action over pensions

14 Sep 2011

Unison, Unite and GMB to ballot 1.65m members over strike action against changes to public sector pensions.
European rules would not stand in the way of Vickers

14 Sep 2011

European Banking Authority chair tells MPs Europe’s capital rules allow flexibility for UK to meet ICB recommendation.
Reeves backs raising pension age to 67 in 2026

13 Sep 2011

Shadow pensions minister Rachel Reeves agrees ’in principle’ with possible change to pension age.
Osborne resists calls to speed up ICB implementation

13 Sep 2011

Chancellor says 2019 date is considered view of Commission as Ed Balls apologises to MPs for Labour’s part in crash.
Vickers: Banks should face commission if competition reforms are not met by 2015

12 Sep 2011

ICB chair says three competition concerns must be addressed by 2015 or referral should be considered.
Vickers gives the banks flexibility over ringfence

12 Sep 2011

The ICB sticks with its ringfencing plan but gives banks discretion over where some services should sit.
OECD says Govt should encourage workers to delay retirement

9 Sep 2011

OECD says Govt should encourage workers to delay retirement to boost treasury coffers.
Peer presses for rethink on FSCS review

9 Sep 2011

The Government should force the FSA to resume its FSCS review if the European Union fails to finalise the investor compensation scheme directive by December.
Personal pension contributions drop 9% since 2007

8 Sep 2011

ONS says less people are paying into personal pensions since the recession.
Lib Dems 'want £12,500 income tax threshold'

8 Sep 2011

Treasury chief secretary Danny Alexander says it is party’s ambition to take all minimum wage workers out of income tax.
NAPF call for reform of occupational pension accounting

7 Sep 2011

NAPF says current reporting standards allow market volatility to skew deficits putting firms off pension provision.
Economists call on Osborne to scrap 50p rate

7 Sep 2011

20 economists write to FT calling for rate to be cut at earliest opportunity as Chancellor admits growth is slowing.
Osborne rejects call to repeat Labour's bank bonus tax

6 Sep 2011

Chancellor tells Parliament coalition’s bank levy raises more than bonus tax and is more permanent and sustainable.
Chancellor's autumn statement due on November 29

6 Sep 2011

Chancellor George Osborne’s autumn statement will follow OBR outlook published on same day.
CBI warns Osborne must take action on growth

6 Sep 2011

CBI calls for tax cuts as it downgrades growth forecast for 2012.
Fleming Family & Partners launches HNW advice service

6 Sep 2011

Family office launches advice service for clients with investable wealth of between £2m and £10m.
IMA: FSCS proposals could mean two sets of rules

5 Sep 2011

IMA says that splitting responsibility for rule making between PRA and FCA could mean de facto split of FSCS
LEBC launches pension software that 'saves firms millions'

5 Sep 2011

LEBC says life expectancy reviews of all FTSE 250 companies could cut £1bn of occupational pension liabilities.
Darling: BoE governance needs improvement for new powers

5 Sep 2011

Ex-Chancellor Alistair Darling says BoE did not understand banking crisis and disagreements with Governor hit efforts to deal with crash.
UK banks face US legal action over securities

5 Sep 2011

Royal Bank of Scotland, Barclays and HSBC among banks accused of misrepresenting quality of mortgage securities.
Ex-Clerical chief for Friends global arm

25 August 2011
New Zealand plans could block Qrops

18 Aug 2011

NZ government is proposing restricting use of the country’s pension schemes to residents.
MM podcast: Alan Lakey Vs Pillaged! author David Craig

18 Aug 2011

Adviser Alliance’s Alan Lakey and Pillaged! author David Craig go head to head on advice, costs and regulators.
Chancellor admits road to recovery will be tougher

18 August 2011
PM extends Riot Act to six weeks for claims

18 August 2011
'Protection service is going to get much better'

18 August 2011
Econ committee recalled over Eurozone crisis

17 Aug 2011

European Parliament’s Econ committee will hear from Europe’s Economic leaders on August 29.
Thousands sign compulsory financial education petition

17 Aug 2011

Petition needs 100,000 signatures to be considered for Parliamentary debate.
Gordon Brown: Euro must reform or die

16 Aug 2011

Former Prime Minister says Eurozone must be reformed or face collapse.
Lagarde: Deficit reduction plans must not damage growth

16 Aug 2011

IMF managing director Christine Lagarde says deficit reduction must ’resolve conundrum’ of being neither too fast or too slow.
PwC faces fines over JP Morgan errors

16 Aug 2011

PricewaterhouseCoopers failed to report to FSA that its client JP Morgan was not meeting regulators client asset rules.
Consumer panel calls for 'predictable outcome' products

12 Aug 2011

Financial Services Consumer Panel says products that ’do what they say on the tin’ are vital in restoring trust in financial services.
Four EU nations ban short-selling

12 Aug 2011

France, Spain, Italy and Belgium ban short-selling
Jersey looks at creating its own RDR

12 Aug 2011

Jersey Financial Services Commission consulting on increased qualifications and a ban on commission.
Osborne sticks by UK austerity plan

11 Aug 2011

Chancellor says changing course would lead to a sovereign debt crisis.
PM extends Riot Act compensation window to 42 days

11 Aug 2011

Riot Act compensates uninsured individuals and insurance firms for money paid out, usually if claims are made within 14 days.
IFAs feel the effects of local social unrest

10 Aug 2011

Advisers in areas affected by this week’s social unrest were forced to close their offices to keep staff safe.
Can economic policies explain the social unrest?

10 Aug 2011

Labour takes a huge political risk in tackling the Government over the cause of social unrest.
FTSE 100 rises following bounce in global markets

10 Aug 2011

FTSE 100 rises in early trades on the back of positive news in the US and Asia.
George Osborne to address Parliament over economic situation

9 Aug 2011

Chancellor returning from holiday to give a statement to recalled HoC on Thursday.
OECD: UK growth down for sixth month in a row

9 Aug 2011

UK growth in “slowdown”, while in OECD area and G7 it has reached a “possible peak”.
FTSE 100 soars back above 5000 as US markets rise

9 Aug 2011

FTSE 100 closes nearly 2 per cent up for the day after early falls.
Cable wrong to focus on bank lending, says IPPR

8 Aug 2011

The Institute for Public Policy Research says Vince Cable is wrong to target bank lending as top economic priority.
Leadsom: I cannot see 50p tax cut before 2013

8 Aug 2011

TSC member and Conservative MP Andrea Leadsom says cutting top rate of tax before public sector pay freeze ends would be wrong.
US Treasury's Geithner to stay on 'until autumn of 2012'

8 Aug 2011

US Treasury ends rumours Geithner was to step down after deal was struck on raising the US debt ceiling, say reports.
US markets braced for S&P downgrade fallout

8 Aug 2011

US investors are expected to seek safe havens in wake of Standard and Poor’s downgrade.
Politicians move to battle debt crisis

8 Aug 2011

Markets in the Far East and FTSE 100 fall following US downgrade and European bond deal.
Focus of FSA's HBOS investigation revealed

5 Aug 2011

Lloyds results reveal FSA will focus on Bank of Scotland’s corporate division pre-2009.
Top rate of income tax could be cut to 45p

5 Aug 2011

The Government could cut the top rate of tax from 50p to 45p as early as next April.
What should we do with the Rock?

5 Aug 2011

Osborne is stuck between a (Northern) Rock and a hard place over the future of the state-owned bank.
RDR consistent with new regulator's aims

4 Aug 2011

Accountancy firm BDO says the RDR is consistent with the FCA’s objectives, as long as a simplified advice regime is developed and IFA numbers do not fall significantly.
OBR: 2011 growth unlikely to hit 1.7% target

4 Aug 2011

Office of Budget Responsibility chairman Robert Chote has indicated growth for 2011 is unlikely to hit target set out in March.
ICB urged to be more radical

4 August 2011
MPs' report says HMRC service is unacceptable

4 August 2011
IoM regulator decides against grandfathering

1 Aug 2011

Isle of Man’s Financial Services Commission says grandfathering would be ’inappropriate’.
MPs slam "disturbing" fall in HMRC service levels

30 Jul 2011

Treasury select committee says sustained budget cuts among causes of fall in standards
Labour slam Govt over public sector pension negotiations

28 Jul 2011

Shadow Treasury chief secretary Angela Eagle says Govt is provoking confrontation with unions.
Govt faces strike threats over public sector pension reform

28 Jul 2011

Trade Unions Congress says Govt must show it is prepared to change course or unions will plan more strikes.
Law body wants Dilnot in social care bill

28 Jul 2011

The Law Commission is calling on the Government to bring th Dilnot commission’s proposals into statute via its proposed adult social care bill.
Govt sets out public sector pension contribution plan

28 Jul 2011

Three Govt departments consult on sliding scale of increases which see well paid contributing more.
Govt to announce extra public sector pension contributions

28 Jul 2011

Leaked figures show increases public sector workers can expect to pay from April, say reports.
Duplication is main concern for new bill

28 July 2011
MPs probe new regulators on handling another crisis

28 July 2011
MPs want ICB to review retail banking total split

28 July 2011
Tyrie vows to keep up pressure on FSA for RDR delay

28 July 2011
Balls: Govt should cut VAT to boost spending

26 Jul 2011

Ed Balls accuses George Osborne of “breathtaking complacency” over today’s 0.2 per cent growth figures.
HMRC could offer "get out of jail free" card to fraudsters

22 Jul 2011

HMRC could promise not to prosecute tax fraudsters in exchange for full disclosure, under new proposals.
Garnier: 'farcical' FSA lost support for the RDR

22 Jul 2011

TSC member says FSA’s flawed strategy and “farcical” evidence have done little to garner support for the RDR reforms.
MP "deeply disappointed" Govt will not publish Rock advice

22 Jul 2011

TSC member and Labour MP Andy Love says publishing would reveal true Govt commitment to mutuals.
Andrew Tyrie vows to keep up the RDR pressure

21 Jul 2011

TSC chair Andrew Tyrie tells Money Marketing “this will not be the end of the matter”.
FSA to publish report on HBOS failure, but not B&B

21 Jul 2011

FSA chairman Lord Turner says publishing a report on HBOS is in the public interest.
Angry MPs slam "arrogant" FSA over RDR delay dismissal

21 Jul 2011

Treasury select committee MPs say FSA has treated them with “contempt” in swiftly dismissing its RDR findings.
HMRC has "big challenge" to meet 25% cuts, says NAO

21 Jul 2011

HMRC plans to cut costs by £1.6bn and staff numbers by 10,000 in the next four years.
59% Of over-55s to stay on after RDR

21 July 2011
Accountability probe on FCA

21 July 2011
Advisers criticise TSC for not pushing FSA on long-stop rethink

21 July 2011
Anger over opt-out call for HNW clients

21 July 2011
'FSA must raise wages by 50% to get quality staff'

21 July 2011
HMRC must give clear guidance on VAT

21 July 2011
MPs want clear coalition plan to promote mutuals

21 July 2011

MPs are calling on the Government to urgently set out plans for how it will foster diversity and promote mutuals within financial services.
Plea for FSA to probe passporting firms

21 July 2011
Regulation uncertainty makes banks a tough sell

21 July 2011
Regulator moved quickly to reject report's proposals

21 July 2011
Treasury compilation puts net liability for public sector pensions over £1trn

21 July 2011
Welcome for plan to check tied pay

21 July 2011
Regulatory switch scrutiny committee calls for evidence

20 Jul 2011

New committee scrutinising the draft Financial Services bill calls for evidence on new regulatory architecture.
MP slams the FSA's part in Arch cru debacle

20 Jul 2011

A Conservative MP has attacked the FSA’s approval of CF Arch cru funds and labelled the investor compensation package as “wholly inadequate”.
McFall, Drake and Newby to sit on regulatory scrutiny committee

20 Jul 2011

House of Lords confirms its half of the committee to scrutinise draft Financial Services Bill.
ICB may not have properly considered full banking split, say MPs

20 Jul 2011

TSC report says “thin” coverage of full separation in ICB interim report gives impression it was not given full consideration.
Banks posing biggest risk to face higher capital requirements

20 Jul 2011

Financial Stability Board sends proposals to G20 countries for up to 2.5 per cent higher capital charges.
Revealed: The MPs who will scrutinise Govt plans for financial regulation

19 Jul 2011

Parliament confirms six MPs to scrutinise draft Financial Services Bill after bid to keep David Laws out fails.
Regulatory uncertainty delaying sale of state owned banks

19 Jul 2011

UKFI says it will wait for more clarity before recommending sale of Govt stakes.
Headhunters say FSA wages must rise to attract quality staff

18 Jul 2011

Hedley Mays says budget should increase by a third from current level of £500m to ensure staff quality.
Govt must show how it will promote mutuals

18 Jul 2011

Group of MPs say new regulators must have formal commitment to promoting mutuals and diversity.
FSA figures reveal RDR impact on older advisers

16 Jul 2011

FSA data shows 8% of advisers aged over 55 intend to retire early as a result of the RDR, with 5% to stop advising on retail investments.
HMRC must clarify VAT treatment of advice, say MPs

16 Jul 2011

The Treasury select committee’s report says the revenue must provide clarity over VAT on advice as soon as possible.
MPs back banks over HNW client RDR opt-out

16 Jul 2011

The TSC’s RDR report calls on the FSA to find ways for HNW clients to opt out of the RDR after banks call for exemption.
MPs call for long-stop to be considered in regulation restructure

16 Jul 2011

TSC RDR report calls on parliamentary committee scrutinising draft Financial Services Bill to decide on introduction of long-stop for advisers.
MPs call for one year delay to the RDR

16 Jul 2011

Treasury select committee report into RDR says FSA should also provide deadline flexibility for advisers on case by case basis.
Leslie: Government is gambling on financial reform

15 Jul 2011

Shadow Treasury financial secretary Chris Leslie says the Government risks having to perform another policy U-turn by pushing through financial regulation reforms too quickly.
LibDems join call to rewrite the FSMA

15 Jul 2011

LibDems Treasury spokesman Lord Newby has joined calls for the Government to rewrite the Financial Services and Markets Act.
MPs rebuff plan to scrutinise changes

15 Jul 2011
Leslie wants to widen the scope of FPC membership

14 Jul 2011

Labour Shadow Treasury financial secretary Chris Leslie says the Government must broaden the FPC’s membership to include small firms and consumers
BBA: ICB must not go beyond Basel capital levels

14 Jul 2011

Trade body says dynamics of the market mean higher limits are not necessary.
Unions brand Govt public sector pension figures a "political stunt"

14 Jul 2011

TUC says ’scarily big’ figure is meaningless and is being used to shore up failing arguements.
Government says FSCS review timing is up to FSA

14 July 2011
TSC verdict on RDR due

14 July 2011
All adverts should point to Money Advice Service, says thinktank

13 Jul 2011

The Social Market Foundation says all financial product advertisements should refer customers to the Money Advice Service.
Govt reveals £1.13trn public sector pension liabilities

13 Jul 2011

Public sector pensions account for nearly half of Governmnet liabilities.
TSC's RDR report due on Saturday

12 Jul 2011

The Treasury select committee’s report into the RDR will be published this Saturday.
Govt rejects call for 'priority' review of FSCS funding

12 Jul 2011

The Government says the review is a matter for the FSA.
Govt rejects call for public interest test over Lloyds branch sales

12 Jul 2011

The Government says responsibility for the sale of 632 branches lies with Lloyds Banking Group and the European Commission.
ABI to pay £8.7m to fund insurance fraud police unit

12 Jul 2011

The ABI is to fund a specialist insurance fraud unit of 35 detectives to fight fraud costing industry £2bn a year.
Virgin Money and Co-op among bidders for Lloyds branches

12 Jul 2011

Start-up bank NBNK has also placed a bid for 632 branches Lloyds is being made to sell off.
Govt rejects call for Arch cru debate

11 Jul 2011

Government says questions over details of the £54m compensation package are a matter for the FSA.
Govt figures to include public sector pension deficit

11 Jul 2011

Figures published this week to include net public sector pension deficit figure.
Up and running

10 Jul 2011
Deputy governor tells banks to use profits to rebuild their reserves

8 Jul 2011
Leslie: It is too early to take a position on bank reform

8 Jul 2011

Shadow Treasury financial secretary Chris Leslie rejects calls from within Labour to lead the charge for total separation of retail and investment banks.
MPs launch auto-enrolment inquiry

8 Jul 2011

Work and pensions committee to cover opt-out rates, provision of advice and Nest’s investment strategy.
MEP wants public to know cost of European compensation scheme

8 Jul 2011

Conservative MEP Syed Kamall says consumers must know how much of their investment goes into the ICS.
MPs make pledge to keep up FCA pressure

8 Jul 2011
Euro regulation weighing down financial services

8 Jul 2011

Conservative MEP Vicky Ford says European regulation is leading to excessive burdens on the financial services industry.
FOS: Better claim process can stop the chasers

8 Jul 2011

FOS chief exec Natalie Ceeney has urged banks to improve their complaint-handling processes to stop the claim management industry booming following the PPI scandal.
IFAs warn of social project Isa risks

8 Jul 2011

IFAs say proposals to use Isas to fund social projects are likely to be seen as too risky by investors.
Origen MD Stephen Greenstreet resigns

7 Jul 2011

Greenstreet to be temporarily replaced by Aegon’s executive chairman of distribution Patrick Gale.
EC claims Esis won't hit key documents

7 July 2011
Hoban warns EU not to weaken Basel III

7 July 2011
Sants concedes public baffled by product data

7 July 2011
'Two-speed euro needed in debt crisis'

7 July 2011
Tyrie tells banks to open up ICB debate

7 July 2011
Europe rebuffs calls for rise in compensation level

6 Jul 2011

The European parliament has refused to back a recommendation to increase the Investor Compensation Scheme’s maximum guaranteed level of compensation to €100,000.
Osborne rejects TSC call for extra independents on FPC

6 Jul 2011

Chancellor George Osborne suggests that Alastair Clarke will not be on the final committee.
BCC wants small business auto-enrolment exemption

5 Jul 2011

British Chamber of Commerce survey shows a third of sole traders see auto-enrolment as a top barrier to expanding.
MMTV: European regulator may get new swooping powers

5 Jul 2011

Steve Tolley reports from Brussels on attempts to give the European markets supervisor power to conduct unannounced on-site inspections.
Meacher: Where are Labour on splitting the banks?

4 Jul 2011

Labour MP calls on Ed Miliband to “lead the charge” for total separation.
Lib Dems call for 'total separation' of banks

4 Jul 2011

Lib Dem MP Adrian Sanders and Lord Smith say ICB proposal to ringfence retail banks will not protect the tax payer.
'Poor Isa' to offer £200 extra tax-free allowance

4 Jul 2011

David Cameron is today expected to back call for Big Society Isa offering increased allowance in exchange for investing in social projects.
Basel III won't cover the extra cap-ad rules for Sifis

4 Jul 2011
Euro regulator could get power for shock swoops

4 Jul 2011

The European Parliament wants to give the European Securities and Markets Authority the power to conduct unannounced, on-site inspections of firms.
No IFA voice on Euro regulation

1 Jul 2011

The IFA sector has no representation in the European supervisory authority drafting the detail of European regulation for markets and investor protection.
Treasury to hold FCA to account

30 Jun 2011
Tyrie: 10 questions the ICB must answer

30 Jun 2011

Treasury select committee chairman Andrew Tyrie has set out 10 questions the Independent Commission on Banking should answer in its final report.
Tyrie urges banks to go public on ringfencing concerns

30 Jun 2011

Banks should go public on their concerns about ringfencing, TSC chairman Andrew Tyrie has urged.
UK Govt warns Europe against "unpicking" Basel III

30 Jun 2011

Treasury financial secretary Mark Hoban says European law makers should stick to Basel III rules.
Italian governor Draghi is new ECB president

30 June 2011
MEP warns Hoban on Europe-bashing

30 June 2011
Sants: PPI was a missed opportunity to restore trust

29 Jun 2011

FSA chief executive Hector Sants tells banks misselling scandal was a missed opportunity to restore customer confidence.
MMTV: MEP warns Mark Hoban over Europe bashing

29 Jun 2011

Labour MEP Peter Skinner says “kill it dead” rhetoric could cost UK influence in European negotiations.
FSCP: FCA 'needs to tackle root causes not symptoms'

28 Jun 2011

The Financial Services Consumer Panel calls for detrimental business models to be tackled, not just individual problems.
Draghi appointed next president of European central bank

24 Jun 2011

Italian central bank governor Mario Draghi has been appointed to become the next president of the European central bank.
ABI fears over PRA retrospective regime

24 Jun 2011

The ABI has warned the PRA judgement-based approach to regulation could be unfairly retrospective and clash with European directives.
Costs for firms doubles to £100m in four months

23 June 2011
FCA gets product ban powers

23 June 2011
Northern Rock up for bids with hopes for £1bn sale

23 June 2011
Osborne backs ringfence

23 June 2011
PRA will have statutory insurance objective to ensure protection

23 June 2011
Government opens FirstBuy scheme

21 Jun 2011

Housing minister Grant Shapps has launched the £500m scheme aimed at helping first time buyers.
PRA could introduce new wind up mechanism for insurance firms

21 Jun 2011

FSA head of insurance Julian Adams says a mandated winding up mechanism could be introduced if short-comings are found in existing structures.
Sants: Judgement based approach is justified

21 Jun 2011

PRA chief executive designate says different incentives and data available to regulators justify new “forward looking” approach.
PRA will have limited power over insurers passporting into UK

20 Jun 2011

FSA head of insurance Julian Adams says regulator will be relying on other regulators to help ensure fair treatment of UK and non-UK insurance firms.
Sants: 'Supervision of insurers will be more intense than for banks'

20 Jun 2011

PRA chief executive designate Hector Sants says protecting policyholders is likely to make supervision more intense.
Govt proposes new statutory residency test

17 Jun 2011

Treasury to introduce new £50k annual charge and residency test aimed at removing uncertainty.
Financial reform: Govt sticks with early disciplinary disclosure plans

16 Jun 2011

Financial Conduct Authority will not have a primary competition objective under latest regulatory proposals.
King: Europe must not restrict FPC remit

16 Jun 2011

Bank of England Governor Sir Mervyn King says FPC must be able to apply tools to national circumstances.
750,000 to strike over public sector pension changes

16 Jun 2011

Cabinet Secretary Francis Maude warns changes to industrial relation laws not ruled out.
Lord Lawson: Govt should completely separate universal banks

15 Jun 2011

Ex-Chancellor Lord Lawson says Government should go further than ring-fencing and completely split universal banks.
Qrops code warns against execution-only advice

10 Jun 2011
Exposed 500,000 face big offshore tax penalties

10 Jun 2011
Economists want Plan B from Osborne

9 June 2011
IMF warns of resource risk in UK shake-up

9 June 2011
MP backs probe into RBS accounting methods

9 June 2011
MPs ask how FPC 'insider' can be an external member

9 June 2011
US uses UK 'light touch' regulation as warning

7 Jun 2011

US Treasury secretary Tim Geithner says ’tragic ending’ should serve as a lesson to countries changing regulatory structures.
Osborne: We must see pension reform through

6 Jun 2011

Chancellor George Osborne says completing state pension age and public sector pension reform is essential.
IMF: No changes to economic policy needed

6 Jun 2011

IMF says no change to policy necessary unless risks to growth and inflation emerge.
CPS calls for coalition to restore competitiveness to the UK

6 Jun 2011

Centre for Policy Studies says the Government must open public services to competitive forces, deregulate and cut taxes to deliver growth in the UK.
Govt must publish report into future of Northern Rock, says MP

3 Jun 2011

Lib Dem MP Sir Alan Beith says not publishing the Deutsche Bank report would destroy credibility of any decision based on it
OBR must improve projections, says Redwood

3 Jun 2011

Conservative MP John Redwood says ’optimistic’ forecasts could damage the OBR’s reputation.
Audit Office hammers £93k cost per house rescue

2 June 2011
'Pension costs are untested'

2 June 2011
FSA execs share £880,000 redundancy payments since crash

31 May 2011

No FSA executives or directors have been made redundant on grounds of capability or conduct since July 2007.
Cap mortgages at 90% LTV and 3.5 LTI, says IPPR

31 May 2011

Left-leaning thinktank calls for the FSA to cap mortgages at 90 per cent of the property’s value and three and a half times household income.
Barnier: Basel III will not be watered down for bancassurers

27 May 2011

EU internal market commissioner Michel Barnier has rejected reports Basel III will be watered down for banks which have insurance arms.
FSA calls on IFAs to "sense-check" risk profiling approach

27 May 2011

The FSA says advisers should “sense-check” their recommendations to ensure they reflect clients’ attitudes to risk rather than relying on a tick-box, process-driven approach to risk-profiling.
MPs press to see banks' cost-benefit analysis data

27 May 2011

The Treasury select committee has called on the Independent Commission on Banking to publish the cost-benefit analysis.
Govt must listen to 'wise advice' from OECD, says Balls

26 May 2011

Shadow Chancellor Ed Balls says Govt should heed advice to slow austerity drive if growth does not improve.
Cable: 'I can see another crash happening'

26 May 2011

Business Secretary Vince Cable says he is concerned over the ’piecemeal’ international approach to bank regulation.
Labour slow to move to balanced economy, says Denham

26 May 2011

Shadow Business Secretary John Denham says coalition policy is reducing its influence on shape of economy.
MPs call for public sector pension cost benchmark

26 May 2011

Government needs formal benchmark instead of defining affordability on the basis of public perception, says Govt spending watchdog.
Platforms could service mass market with budget solutions

26 May 2011

Platform providers should develop a low-cost offering for mass market investors following the retail distribution review, according to technology consultancy F&TRC.
Companies could be rated on default risk

26 May 2011
'Financial stability reforms are disastrously misconceived'

26 May 2011
Firms will not bear the costs, pledges Sants

26 May 2011
LibDems want pension age review

26 May 2011
Lloyds looking at bonus clawback on missold PPI

26 May 2011
New regulator will play a supervisory role in Europe

26 May 2011
PRA can intervene in how a firm is run

26 May 2011
RBS and M&G join Aifa

26 May 2011
Sants wants the power to tell all after failure

26 May 2011
'The future approach is already stuck in the past'

26 May 2011
'The PRA must be supported by the community it serves'

26 May 2011
Webb call to stop incentivised transfers

26 May 2011
Call to keep UK out of EU bailouts rejected

25 May 2011

Parliamentary motion to stop UK involvement in future EU bailouts has been defeated.
MPs announce scope of RBS report review

25 May 2011

Review must judge whether report is a fair and balanced summary of RBS and FSA failings.
ICB ringfence 'doomed to failure', says TSC member

25 May 2011

TSC member Andrea Leadom says ICB’s interim proposal of ringfencing retail and investment banking seems doomed to fail.
National Audit Office attacks Government's mortgage rescue scheme

25 May 2011

Report says scheme did not offer value for money.
TSC's Chuka Umunna becomes Shadow business minister

24 May 2011

Umunna will focus on deregulation and better regulation and matters around small businesses and access to finance.
Steve Webb warns on incentives to transfer out of DB

23 May 2011

Pensions minister says ’superficially attractive’ deals could leave people out of pocket.
Equity Trust loses court battle over Qrops status

23 May 2011

Investors in Panthera ROSIIP scheme face 50 per cent charge, but firm says it will appeal.
Cable: Labour failing to engage over financial reform

23 May 2011

Labour wrong to focus on short-term issues like levels of quarterly growth, according to the Business Secretary.
Mutuals: Hoban has reneged on vow to promote us

20 May 2011

Mutuals have accused Treasury financial secretary Mark Hoban of failing to contribute to the Government’s commitment to promote mutuality.
'Weakened' LibDems will struggle to influence policy

20 May 2011
Arrow approach scrapped as PRA promises more intrusive regulation

19 May 2011

All firms will have ’baseline supervision’ so regulators see problems coming.
'New regulatory regime could be a year late'

19 May 2011
Sants: FSA was not supported by public or Parliament

19 May 2011

PRA chief executive designate says new regulator must win support.
CII coaching day helps firms hone staff skills

19 May 2011
Hoban rejects Turner call to reverse mutual liberalisation

19 May 2011
MPs reject bill limiting charging powers

19 May 2011
Openwork adds Calibrand to level 4 providers

19 May 2011
Aifa appoints RBS and M&G as associate members

18 May 2011

Aifa says partnership means new events and a new way of communicating with members.
10,000 call for state pension age increase to be abandoned

18 May 2011

A 10,000 signature strong petition to be delivered to Downing Street.
Goldman Sachs economist given go-ahead for MPC

17 May 2011

Ben Broadbent given go-ahead for MPC role and Donald Kohn gets the nod for FPC.
OFT: Dominance of big four auditors hitting competition

17 May 2011

The OFT says concerns are enough to bring in Competition Commission.
MPs back David Laws suspension over expenses

16 May 2011

MPs have backed a Parliamentary committee’s call for Lib Dem David Laws to be suspended for 7 days over expenses.
Call for state owned bank shares to be given away

16 May 2011

The Centre for Policy Studies says giving shares to taxpayers and recouping a portion of future sales could save £750m.
TSC member calls for clarity over Goldman Sachs tax deal

16 May 2011

Labour MP Chuka Umunna wants HMRC to release information on tax settlement which ’saved bank’ £10.8m.
IMF chief denies sexual assault charges

16 May 2011

Dominique Strauss-Kahn is unlikely to be able to claim diplomatic immunity.
MPs reject bill to cap regulatory fee increases

13 May 2011

MPs reject bill which would have limited regulatory fee increases to the rate of CPI inflation.
Richard Lambert turns back on Bank of England role

13 May 2011

Sir Richard Lambert has decided not to take up his post on the BoE’s Financial Policy Committee.
Labour looks at committee of MPs to oversee regulation

13 May 2011

Labour is considering pushing for a new committee of expert MPs to oversee future regulators.
Parliamentary report calls for David Laws suspension

12 May 2011

A Parliamentary standards report says Laws was guilty of ’series of serious beaches over a considerable time’.
Government call to "kill off" European loan directive

12 May 2011

The Government has called on the mortgage market to fight the European Commission’s mortgage credit directive and “kill it dead”.
Hoban rejects TSC appeal for FSMA rewrite

12 May 2011
Avelo to axe jobs after rebrand

12 May 2011
Hoban pledges Equitable Life payouts will start in June

12 May 2011
Isle of Man rethinks tax treatment of investment bonds

12 May 2011
L&G business up 12% despite annuity falls

12 May 2011
Labour's Leslie slams 'pathetic' levy on banks

12 May 2011
More regulation means tighter credit in future

12 May 2011
New York court names duo in fraud summons

12 May 2011
Revamped Prudence bond offers greater flexibility

12 May 2011
RoyLon 360° offers single-premium bond

12 May 2011
Select committee picks duo to review FSA's RBS probe

12 May 2011
Labour calls on Clegg to show LibDem muscle over state pension age

11 May 2011

Shadow pensions minister Ravel Reeves has challenged Lib Dem leader Clegg to show new “muscular approach” to coalition.
Hoban rejects FSA's call to force mutuals to 'stick to knitting'

11 May 2011

Treasury financial secretary Mark Hoban rejects call from FSA chairman Lord Turner to reverse mutual liberalisation.
King: Energy prices could push inflation to 5%

11 May 2011

BoE governor Mervyn King says squeeze on household incomes could hit recovery as Bank downgrades growth forecast for 2011.
Govt to apply 3 year regulation moratorium to financial restructure

10 May 2011

Treasury financial secretary Mark Hoban said Govt aims to apply moratorium to FSA but regulator will have last word on applying it.
Avelo consults on staff cuts

9 May 2011

Avelo is considering redundancies following the merger and rebrand of 1st Exchange, N4 and Screen Business.
Labour says power shift will weaken fight against crime

6 May 2011

Labour Shadow Treasury financial secretary Chris Leslie says moving the financial regulator’s enforcement powers to the Home Office’s National Crime Agency would lead to a less effective fight against financial crime.
RBS warns PPI losses could be 'material'

6 May 2011

Pre-tax loss for RBS widens to £116m in Q1 of 2011.
Walker and Knight to review FSA's RBS report

5 May 2011

TSC announce Sir David Walker and Bill Knight will review RBS report delayed over legal wrangling.
Tory MP says HMRC 'menacing' letters show state is using 'sinister' psychology

5 May 2011

A Conservative MP says recent letters from HMRC demanding people pay up or face having their possessions auctioned is an example of behavioural psychology now being employed by the Government.
BSA elects Peter Griffiths as chairman

5 May 2011

Principality Building Society chief exec Peter Griffiths replaces David Webster as BSA chairman.
Sir David Walker to rule on RBS report

5 May 2011

Ex-banker expected to be announced as arbiter in stand off over FSA’s RBS report.
Lloyds reports £3.4bn loss after making PPI provision

5 May 2011

Lloyds Banking Group have posted a £3.4bn loss after putting aside £3.2bn to cover PPI misselling claims.
GDP growth pushes back rate increase until August

5 May 2011
Leaders clash over economy

5 May 2011
MPs call for Rock to be remutualised

5 May 2011
Plea to end last-minute tax changes

5 May 2011
SFO ends probe into the missing Keydata £100m

5 May 2011
Small firms hit by banks' 'arm and leg' lending rates

5 May 2011
BSA warns over increased regulatory costs

4 May 2011

BSA chairman David Webster calls on regulators to minimise increased regulatory costs on building societies.
Labour calls for urgent bank tax review

4 May 2011

Shadow Treasury financial secretary Chris Leslie slams ’pathetic’ £2.6bn levy.
Cable slams RBS for blocking FSA report

4 May 2011

Business Secretary Vince Cable attacks RBS for setting up obstacles to prevent report into its collapse.
L&G reports falling annuity sales but new business increase

4 May 2011

Provider has seen a 12 per cent rise in new business in the first quarter of 2011.
SFO drops Keydata investigation

3 May 2011

Serious Fraud Office says not enough evidence to prosecute so will focus on tracing ’misappropriated’ assets.
Govt warned against surprise Budget tax rises

3 May 2011

Chartered Institute of Taxation says tax changes should be consulted on not announced at last minute.
No rate rise until 2013, says Bootle

3 May 2011

Falling incomes, 5% inflation and Government cuts mean sluggish recovery.
Political pressure grows to remutualise the Rock

3 May 2011

Over 100 MPs sign motion calling for Northern Rock to be remutualised.
FSA RBS report delayed indefinitely

3 May 2011

The FSA’s report into the collapse of RBS is indefinitely delayed amid three way legal wrangling.
Advisers drawing up global Qrops code

28 Apr 2011

A best practice code for advising on Qrops is being developed by a group of advisers from around the world.
IPPR: 'Axe cash Isas to help lower-earners save'

28 Apr 2011

Cash Isas should be replaced with a scheme giving more targeted Government subsidies to savers on lower incomes, according to the left-leaning thinktank.
AV rancour poses threat to financial services legislation

28 April 2011
CBI wants company tax cut

28 April 2011
HMRC sweeps up tax liabilities on employee trusts

28 April 2011
Interim FPC sets June date for first meeting

28 April 2011
NZ firms drawing up Qrops code

28 April 2011
Royal London charity foundation to give away £2m in grants

28 April 2011
Sentance slams MPC credibility

28 April 2011
Thinktank wants banking probe to widen its reach

28 April 2011
Advisers call for FOS staff to have greater experience and qualifications

27 Apr 2011

IFAs have called for adjudicators to have industry experience and minimum industry qualification levels in a survey.
Sentance: MPC inaction could already have hit credibility

26 Apr 2011

MPC member Andrew Sentance says committee’s credibility and commitment to inflation target could have been eroded.
MPs attack Treasury on lack of influence over bank lending

22 Apr 2011
Ringfence could keep out new entrants to banking

21 Apr 2011

The Independent Commission on Banking’s recommendation to ringfence retail banks could make it harder for new entrants to come into the market, according to Treasury select committee member Andrea Leadsom.
EU will create single market for VCTs to aid SME funding

21 Apr 2011
Trade bodies unite to call for FOS curbs

21 Apr 2011

Seven financial services trade bodies write joint letter to Treasury financial secretary Mark Hoban calling for the powers of FOS to be limited.
Interim FPC first meeting on June 16

21 Apr 2011

The interim Financial Policy Committee will hold first formal meeting on June 16
New Zealand developing Qrops code of practice

21 Apr 2011

Weeks after Guernsey release code, NZ begins work on its own.
Tory MP calls for ban on Government borrowing

21 Apr 2011

Conservative MP Steven Baker says the Government should be banned from borrowing money.
Bigger sell-off plan won't unravel Lloyds, says Love

21 April 2011
Crisis report calls for Euro central treasury

21 April 2011
MPs call for counter-cyclical buffer route on reserves

21 April 2011
MPs slam Treasury over asset protection scheme

20 Apr 2011

Public accounts committee report says Treasury had lack of effective sanctions for when RBS and Lloyds failed to meet lending targets.
Cameron: Gordon Brown not appropriate for IMF role

19 Apr 2011

Prime Minister David Cameron indicates he may block Brown bid to become IMF chief because he does not “get” dangers of high debt.
Steven Levin appointed as Skandia International CEO

18 Apr 2011

Levin to take over from Andre Oszmann as CEO from June.
MMTV: ASI's Eamonn Butler on client charging, the FSA and pensions

15 Apr 2011

Adam Smith Institute director on why how you charge clients is not the Government’s problem and pensions ’gobbledygook’.
LAPR axe to hit 1.5 million policies

15 Apr 2011

Abolition of life assurance premium relief could lead to higher premiums or reduced coverage for around 1.5 million policyholders.
SMF calls for kitemark rather than product policing

15 Apr 2011
Splitting FSA will not stop mistakes being repeated

15 Apr 2011

A far more radical restructure of financial services regulation is needed to ensure the mistakes of the recent past are not repeated, says Adam Smith Institute director Dr Eamonn Butler.
ABI fears loan will give Nest an unfair advantage

14 Apr 2011
Mutuals protest at FOS 'short cuts'

14 Apr 2011

The Association of Financial Mutuals believes the Financial Ombudsman Service is rushing through some cases without proper consideration.
Labour says banking reform plans may not prevent future bail-outs

14 Apr 2011

Labour Shadow Treasury financial secretary Chris Leslie warns Sir John Vickers’ proposals for banking reform may not prevent future taxpayer-funded bailouts.
MPs to quiz Mark Hoban on diversity

14 Apr 2011

Treasury financial secretary Mark Hoban will be grilled by MPs about the Government’s work on increasing diversity in financial services.
CFI seminars to help IFAs gap-fill on green issues

14 April 2011
Brown admits FSA was 'big mistake'

14 April 2011
Guardian Wealth looks to expand in UK and abroad

14 April 2011
Isle of Man set to reject grand- fathering with its own RDR version

14 April 2011
Civil Service pensions to be outsourced in private sector joint venture

12 Apr 2011

Govt announces plans to give scheme administrators and private sector joint stake in running scheme.
MPs warn Osborne's FirstBuy scheme could hinder FTBs

12 Apr 2011

Treasury select committee says new Government scheme to help FTBs could push up prices, making homes less affordable.
Gordon Brown: I made a big mistake when setting up FSA

11 Apr 2011

Former PM says not realising how entangled and global financial services are meant FSA had wrong focus.
Banking Commission should avoid one-size-fits-all solution

11 Apr 2011

Adam Smith Institute says solutions should be market led.
Labour says junior Isas only help middle class

8 Apr 2011
Buckles and Merchant Investors to be rebranded Sanlam

6 Apr 2011

Merchant Investors to be rebranded Sanlam Investments and Pensions, Buckles Investment Services to become Sanlam Private Wealth.
Guernsey launches Qrops code of practice

4 Apr 2011

Code calls on people to take advice before transferring.
FSCS levy review should be 'priority', says TSC

2 Apr 2011

TSC report slams banks’ dominance in “gateway” current account market for hitting competition in product market.
Move for minister to overhaul HMRC after blunders

1 Apr 2011
NIESR says growth will be lower than OBR forecasts

1 Apr 2011

The NIESR claims growth will be less than OBR revisions and the Adam Smith Institute hits out at indexation changes
NIESR says growth will be lower than OBR forecasts

1 Apr 2011

The NIESR claims growth will be less than OBR revisions and the Adam Smith Institute hits out at indexation changes
Andrew Tyrie says changes may not fix FSA flaws

31 Mar 2011

Treasury select committee chairman Andrew Tyrie has warned the Government’s intended legislative process to replace the FSA may not fix operational flaws.
Coalition set for new agreement on spending

31 Mar 2011

Lobbyists suggest that the Conservatives and the LibDems are likely to publish a second coalition agreement aimed at further reducing public spending and promoting growth.
Balls says sorry for Labour's bank errors

31 March 2011
MP claims that Hutton debate is being dodged

31 March 2011
Tax merger may not see full combination

31 March 2011
MP calls for regulation moratorium to apply to IFAs

30 Mar 2011

Conservative MP Harriett Baldwin says small IFAs should be exempted from the RDR.
Chuka Umunna: 'Governor has bank watchdog under his thumb'

25 Mar 2011

TSC member says Bank of England governor Mervyn King has the BoE’s court of directors “under his thumb”.
Ed Balls apologises for failing to see crisis

25 Mar 2011

Shadow Chancellor Ed Balls says Labour should have been tougher with the banks.
Moody's warns slow growth may place UK's AAA status at risk

25 Mar 2011

Moody’s say the UK’s AAA status could be removed if growth slows and hits austerity plans.
Budget 2011: Experts hail industry consultation

25 Mar 2011

Wednesday’s Budget has been hailed for relying on industry consultation which experts suggest will result in better policy.
Perspective secures £10.6m funding for acquisitions

24 Mar 2011

Perspective Financial has received a multi million pound boost to its ‘buy and build’ strategy after raising £10.6m.
Budget 2011: Think tank says growth forecasts need further downward revision

24 Mar 2011

NIESR says weak consumer spending will drag growth down to 1.5 per cent in 2011/12.
FSA sets out risk-suitability guidelines for advisers

24 March 2011
'It is hurting but it is not working'

24 March 2011
Non-doms face extra £50k tax

24 March 2011
Regulator in warning on squeeze facing life companies

24 March 2011
Rise in bank levy puts UK banks at global disadvantage

24 March 2011
Budget 2011: Labour attack "Budget for growth"

23 Mar 2011

Labour attack Budget as growth figures are revised down.
Budget 2011: Govt to propose £140 flat-rate pension for future retirees

23 Mar 2011

Chancellor says DWP is working on £140 flat-rate state pension as an ’option’ although reform will have to be cost neutral.
Budget 2011: Non-doms to face £50k flat rate tax

23 Mar 2011

Rate will apply after 12 years.
Budget 2011: Govt to consult on merging income tax and NI

23 Mar 2011

Osborne says national insurance will not be extended to pensioners.
UK inflation among highest in Europe

23 Mar 2011

EU stats show UK inflation is higher than Greece and lower than only three other countries.
Margaret Cole to temporarily head FSA's conduct unit

23 Mar 2011

Head of enforcement Margaret Cole will head conduct unit until CEO designate Wheatley takes post.
Budget 2011: Help for first-time buyers and income tax cut

23 Mar 2011

Full run-down of what to expect in today’s Budget.
Govt to fund Junior Isa saving for children in care

22 Mar 2011

Chancellor tells Parliament around £5m will be made available to help encourage savings of “looked-after” children.
Govt borrowing could be £7bn less than predicted

22 Mar 2011

The IFS says fall in public sector borrowing down to local authorities and public corporations spending less.
Axa PPP Healthcare to pay £142K over "SpongeBob SquarePants" bullying

22 Mar 2011

Brazilian staff member given nickname by colleagues who mocked her accent.
Labour call on Chancellor to rethink austerity plan

22 Mar 2011

Labour says current plans are derailing recovery and Budget should focus on jobs and growth.
Budget 2011: Chancellor to admit higher borrowing due to "wrong type of inflation"

22 Mar 2011

Chancellor will set his sights on Non-doms, private jets and pot-holes in tomorrow’s Budget.
Budget 2011: Mutuals call for more investment freedom

22 Mar 2011

Association of Financial Mutuals calls for mutuals to be able to issue bonds and invest more widely.
What do you want to see in the Budget?

21 Mar 2011

Advisers call on the Chancellor to encourage long term savings and investment in Wednesday’s Budget
FSA sets out its risk-suitability concerns

21 Mar 2011

’Flawed’ risk profiling tools and poorly described risk categories among areas that need to improve.
Real income falls for first time since early 1990s

21 Mar 2011

IFS report says people feeling biggest squeeze on incomes since 1983.
Budget 2011: Osborne pledges no more pain

21 Mar 2011

Chancellor says no further tax increases and no more spending cuts in this week’s Budget.
MMTV: Work and pensions committee chair on shifting pension landscape

18 Mar 2011

MP Anne Begg on the flat rate pension, the Hutton report and why advisers need clarity ahead of auto-enrolment.
Euro financial transaction tax is 'a pipedream'

18 Mar 2011

Proposals for a European financial transaction tax have little chance of being introduced, says Labour MEP Peter Skinner.
FSA warns life insurance industry faces long-term squeeze

17 Mar 2011

The FSA says new regulation, increased annuities and decreasing long-term savings products will squeeze sector.
'Government deflected criticism of pension age'

17 Mar 2011
Misselling fears over auto-enrolment

17 Mar 2011

The Government must clarify details of the flat-rate pension before auto-enrolment starts or advisers could be at risk of misselling, according to Work and Pension select committee chair Anne Begg.
Labour: Parliament should look at urgent FSCS review

17 Mar 2011

Labour says forthcoming Parliamentary scrutiny of financial regulation is the “perfect opportunity” to review FSCS.
IPPR calls on Govt to revise debt reduction strategy

17 Mar 2011

Left-leaning think tank calls on the Chancellor to revise his plans for deficit reduction ahead of next week’s Budget.
Regulatory bodies challenged on pay

17 March 2011
Fairness incompatible with tax principles

17 March 2011
Kleinwort acquires Close Brothers' offshore arm

17 March 2011
MP hits out at the FSA's lack of age data

17 March 2011
No plan to move up to level six

17 March 2011
'Passporting will knock holes in RDR'

17 March 2011
RDR not aiming to close gap

17 March 2011
Regulator ready to look again at 15-year long stop

17 March 2011
Sants says sorry for '20% acceptable loss of IFAs'

17 March 2011
Summer paper to clarify details of simplified advice

17 March 2011
Kraft chief exec angers MPs after third refusal to attend committee

16 Mar 2011

Kraft CEO Irene Rosenfeld’s third refusal to attend committee hearing on Cadbury takeover sparks fury.
Andrew Tyrie calls on BoE's Court to release crisis documents

16 Mar 2011

TSC chair says they will be used to judge Court’s role in the crisis and if it is appropriate body to scrutinise FPC.
MPs issue principles for judging future tax policies

15 Mar 2011

Treasury select committee says it will judge future tax policy on six points including fairness, coherency, stability and practicability.
MEP Sharon Bowles slams decision not to cut Irish bailout interest rate

14 Mar 2011

Eurozone leaders’ decision not to cut rate for Ireland before it raises corporation tax “holds nation to ransom”.
10 policies for UK economic growth

14 Mar 2011

Ahead of the Budget, Conservative MP Charlie Elphicke sets out 10 tax and regulation policies he believes will stimulate economic growth.
Garnier wants veto on the FCA

11 Mar 2011

Treasury select committee member Mark Garnier has called for Parliamentary oversight to be built into the Financial Conduct Authority.
Mutuals want FSCS more accountable

11 Mar 2011

AFM chief executive Martin Shaw says the bodies should share a common board member and lines of reporting.
Over 200 MPs back financial education

11 Mar 2011
Heath claims clients for advice will plunge from 10 million to 2 million

11 Mar 2011

The RDR will cause the IFA sector to lose over 75 per cent of its current client bank, according to former IFA Association director-general Garry Heath.
Quit Aifa to fight RDR, says Ferguson

11 Mar 2011
Close Bros sell offshore business

10 Mar 2011

Close Brothers sells offshore business to Kleinwort Channel Islands Holdings for £29.1m.
FSA's WP crackdown could hit smaller firms

10 March 2011
MEPs speak out against gender pricing ban

10 March 2011
OTS spares investment bonds

10 March 2011
Transaction tax bid by Euro Parliament

10 March 2011
4 out of 5 large banks refuse to disclose remuneration data to FSA

9 Mar 2011

FSA chief exec Hector Sants tells TSC 4 banks are declining to disclose info requested by commitee.
FSA prepared to revisit the long-stop

9 Mar 2011

Sants tells TSC he has sympathy with those arguing for long-stop.
MP attacks Sants for not knowing grandfather stats

9 Mar 2011

TSC member Mudie attacks Sants for not having stats despite RDR hitting over 60s.
Sants apologises for saying 20% adviser loss acceptable

9 Mar 2011

Sants says he is sorry for causing offence and that he was laying out cost benefit analysis data.
Webb defends pension reform plans at select committee

9 Mar 2011

Pensions minister Steve Webb says slowing increase in state retirement age would cost £10bn.
IFA jailed for 21 months for fraud

8 Mar 2011

IFA who used clients’ money to pay off debt is banned from being company director for 5 years.
European Parliament calls for financial transaction tax

8 Mar 2011

Major grouping in EU say Commission must back the move or it will withdraw support.
Garnier: Banks scared of offending FSA in TSC evidence

7 Mar 2011

TSC member Mark Garnier says banks fear reprisals if they attack FSA.
Goldman Sachs MD to replace Andrew Sentance on MPC

7 Mar 2011

Treasury announces Goldman Sachs MD Ben Broadbent will replace Andrew Sentance from June.
Stockbroker charged with investment fraud

4 Mar 2011

Serious Fraud Office brings 16 charges against stockbroker relating to alleged investment fraud.
TSC launches inquiry into BoE accountability

3 Mar 2011

As the Bank of England’s powers are set to increase, the Treasury select committee launches investigation into its accountability.
Nigel Speirs: Why I think independent is too expensive due to RDR

25 Feb 2011

Sanlam UK head of distribution and Buckles executive chairman explains why he thinks restricted is the way forward.
MEP wants high pension fees paid back to investors

24 Feb 2011

European Parliament economic and monetary affairs committee chair Sharon Bowles is calling on pension providers that charge “exorbitant fees” to give money back to investors.
Buckles set for restricted advice

24 Feb 2011

Buckles is likely to move to a restricted advice model after the RDR as it believes it will be commercially unviable to continue to operate as an IFA.
Confidence will be the central aim for the FCA

24 February 2011

The new Financial Conduct Authority will have a central strategic objective of promoting confidence in the financial system and a number of other objectives including protecting consumers and facilitating market choice.
Sants tells Tyrie he has to get banks' OK to reveal pay details

24 February 2011
Sentance says bank is playing catch-up

24 February 2011
Six arrested after Crown Currency Exchange collapse

22 Feb 2011

Police arrest six for money laundering and fraud and link inquiry to collapse of cash for gold firm.
Platforms are 'wolves in sheep's clothing'

21 Feb 2011

Insurance companies and fund companies with wrap platforms will be the biggest threat to advisers after the RDR, according to Simon Chamberlain.
40% Of firms that left Sesame cite RDR as reason

18 Feb 2011

Sesame Bankhall Group says 40 per cent of advice firms that left the network in 2010 did so as a direct result of the RDR.
Barclays calls for HNW advice to be exempt from RDR

18 Feb 2011

Barclays says advice for high-net worth individuals should be exempted from the RDR.
Balls warns King over supporting Govt deficit reduction plan

18 Feb 2011

Shadow Chancellor warns Bank of England governor to stay out of political and fiscal matters, say report.
Big Society Isas could be high risk

18 Feb 2011

Advisers have warned that Government plans for Big Society Isas appear to be a high-risk investment strategy that is unlikely to be suitable for retail clients.
FSP looks to simplified advice

18 Feb 2011

The Financial Skills Partnership wants to develop qualification standards for simplified advice.
IFAs busting for apology from FSA in figure furore

18 Feb 2011

Advisers have called on the FSA to apologise for its manipulation of Financial Ombudsman Service complaint statistics to try to dispel IFAs’ claims they provide a better service than banks.
Begg blocked in bid for women's pension debate

17 Feb 2011

The chair of the work and pensions select committee has criticised the Government for not allowing a debate about the effects of the rise in the state pension age on women.
FCA will have power to publicise "intended" enforcement action

17 Feb 2011

FCA will be able to publicise warning notices against firms and individuals.
Treasury reveals new powers and objectives of FCA

17 Feb 2011

The Financial Conduct Authority must secure “appropriate degree of protection” for consumers.
IFS chief calls for axing of pension lump sums

17 Feb 2011

Paul Johnson of the IFS puts the case for annuity top-up payments as an alternative to the tax-free lump sum.
FSA will seek banks' permission to disclose pay to TSC

17 Feb 2011

FSA chief executive Hector Sants says the regulator does not hold pay information in “banded” form.
Fear at impact of EU rules

17 February 2011
Harris quits Living Time after MetLife annuity deal

17 February 2011
Industrial revolution needed for advisers

17 February 2011
'Regulator is free to interpret FOS data any way it wants'

17 February 2011
Tech will boost restricted reach

17 February 2011
Which? wants bank advice probe after mystery shop

17 February 2011
Aifa says Nest shows factoring can work

16 Feb 2011

Aifa has called on the FSA to review its ban on provider factoring, pointing to Nest’s charging structure as a good example of how factoring can work in practice.
Reeves slams Webb over dole comments

15 Feb 2011

Shadow pensions minister Rachel Reeves says telling women waiting for the state pension to claim the dole is an insult.
IoM and Jersey repeal anti-avoidance measures

15 Feb 2011

Two Channel Islands move to quell EU concern over tax system.
Govt to launch 'Big Society" Isas

14 Feb 2011

Big Society Isas will give tax-free returns for backing community projects.
PPI makes up half of all FOS complaints

11 Feb 2011

FOS raises concerns about the handling of PPI complaints.
MEP plea for pay rise for Euro regulators

11 Feb 2011

The remuneration package for heads of the European supervisory authorities must improve to give them the political clout to do their jobs effectively, says MEP Peter Skinner.
Should the Government scrap mortgage stamp duty?

11 Feb 2011

New director of the Institute for Fiscal Studies Paul Johnson says stamp duty on housing “gums up” the market and should be scrapped.
Dave Harris quits Living Time

10 Feb 2011

Harris says distribution deal signed with MetLife means logical step is to move on.
ScotLife says another bank will exit advice

10 Feb 2011

Barclays’ exit from the advice market was an act of “brutal segmentation” and at least one more big bank is likely to follow suit, according to Scottish Life.
Lib Dem Treasury spokesman steps down

10 Feb 2011

Lib Dem Treasury spokesman in the Lords, Lord Oakeshott stands down over unhappiness with Merlin deal.
Don't hurry framework for new structure

10 February 2011
Financial Policy Committee set-up needs rethink

10 February 2011
FSA does not have the resources to review the costs of regulation

10 February 2011
Guernsey sets up Qrops code

10 February 2011
Hong Kong protestors burnt the effigy of new CPMA chief

10 February 2011
Keep power in reserve for a crisis

10 February 2011
Liechtenstein deal offers 'biggest tax giveaway in 30 years'

10 February 2011
Liz Field

10 February 2011

The Financial Skills Partnership chief executive is working to raise the profile of the industry to attract new blood through work experience schemes.
MPs don't want CPMA to be consumer champion

10 February 2011
RDR support slumps to 47% in two years

10 February 2011
Fund managers unhappy with AIM scrutiny

8 Feb 2011

Research suggests 40 per cent of fund managers are unhappy with scrutiny of natural resources on AIM.
Government to increase bank levy to £2.5bn

8 Feb 2011

The Government is to increase the bank levy for 2011 from 1.7bn to £2.5bn.
Draft code for Guernsey Qrops launched

7 Feb 2011

Guernsey Association of Pension Providers has launched a draft code of practice on Qualified Registered Overseas Pension Schemes, which aims to clarify what is allowed under the scheme.
Industry support for RDR has fallen

7 Feb 2011

Today’s Financial Services Practitioner Panel survey suggests support for the review has fallen by more than 10 per cent
Government considers fresh non-dom tax

7 Feb 2011

Treasury considers new levy on non-doms to fund lifting income tax threshold to £10,000.
What can we expect from Martin Wheatley?

7 Feb 2011

The first head of the CPMA oversaw 170 prosecutions for market manipulation in Hong Kong but suffered consumer protests following the failure of products linked to Lehmans.
Garnier to attend Panacea RDR Question Time Pt II

4 Feb 2011

Conservative MP and Treasury select committee member Mark Garnier will be among panelists on 7th March
Labour aims to slow down the pace of change on pension age

3 Feb 2011

Labour will try to block the Government’s plans to accelerate the rise in the state pension age, according to Shadow pensions minister Rachel Reeves.
Creating new regulation is too easy, says Redwood

3 Feb 2011

Redwood says the way regulation is put on the statute book needs reforming to slow “ferocious” pace of regulation.
Mark Hoban responds to FSCS concerns

3 Feb 2011

Treasury minister Mark Hoban tells MPs it is important the cost of failure is picked up somewhere.
MPs say CPMA should not be a consumer champion

3 Feb 2011

Treasury select committee says Govt should scrap plans to promote CPMA as a consumer champion.
New financial regulations should not be rushed, warn MPs

3 Feb 2011

The Treasury select committee warns the development of the new regulatory architecture should not be rushed for fear of creating flawed regulation.
EU is urged to look at staff pensions

3 February 2011
Myners baffled by missing FSA role in RBS crash report

3 February 2011
Do not back-track on cuts, IFS tells Osborne

2 Feb 2011

The Institute of Fiscal Studies says Govt should not react to last week’s poor GDP figures.
Hong Kong regulator Wheatley to head CPMA

2 Feb 2011

Martin Wheatley is to head the Consumer Protection and Markets Authority.
Mutuals and MPs join call for FSCS shake-up

2 Feb 2011

MPs and mutuals have joined advisers’ calls for an urgent review of Financial Services Compensation Scheme funding.
Myners: Govt policy forcing MPC to take inflation risks

2 Feb 2011

Myners says reduction in economic output is forcing the committee to allow inflation to rise.
TSC member "horrified" by the MMR

1 Feb 2011

Labour MP George Mudie says MMR seems personal and will rob lenders of discretion.
Names in the frame for MPC role

1 Feb 2011

Treasury looking to replace Andrew Sentance, with Chancellor concerned over lack of female candidates in past.
Tyrie calls for more disclosure on bankers' pay

31 Jan 2011

TSC chair Andrew Tyrie writes to FSA chief executive Hector Sants asking for as much disclosure as possible on top flight executive pay.
Penalties for offshore tax evaders will double

31 Jan 2011

Fines will be linked to the transparency of offshore jurisdictions in a bid to stop evasion.
120 MPs push for financial education in schools

31 Jan 2011

MPs push for compulsory education to ready youngsters for “increasingly complex financial world”.
750,000 to face higher rate tax from April

31 Jan 2011

The Institute of Fiscal Studies says richest hit hardest by tax changes due in April.
Raise interest rates or face upward pressure on wages, says MPC's Weale

31 Jan 2011

Weale: A modest raise now would help stop upward pressure and could be cheaper in the long run.
Marcus James Group launches IFA arm

28 Jan 2011

Properrty specialist launches IFA arm and hires Intrinsic’s Kevin Ronaldson as non-exec director.
Sants questions value of cost benefit analyses on EU regulation

27 Jan 2011

FSA chief executive questions whether analysing costs of European regulations represents good value for money.
Euro Parliament committee in talks on economic crisis

27 Jan 2011

A special European Parliament committee on the economic crisis will visit London this week calling for a more Eurocentric approach to dealing with the aftermath of the crisis.
IBC looks at ringfencing retail banks

27 January 2011
MPs hear CPMA should have competition objective

27 January 2011
JJB Sports fined for disclosure failures

26 Jan 2011

FSA fine JJB £455,000 for discolsure failures which led to a false market in JJB shares.
EU staff pension review one step closer

25 Jan 2011

Call for review into EU staff pensions is backed by the Econ Committee, but still has a way to go.
Recovery has ground to a halt, says Balls

25 Jan 2011

Shadow Chancellor Ed Balls says today’s GDP figures show the “first signs” of Government policy hitting the recovery.
Senior Lib Dem MEP wants banks to follow in Barclays footsteps on bonuses

24 Jan 2011

EU Econ committee chair Sharon Bowles says bank bonuses should be paid in a way which will count as capital in times of stress.
Banking Commission considers ring-fencing retail banking activities

24 Jan 2011

IBC chairman John Vickers rules out separating universal banks completely in favour of looking at ring-fencing retail banking.
Labour calls on FSA to be more accountable to Parliament

21 Jan 2011

Labour has called on the FSA and future financial regulators to be made more accountable to Parliament.
'Parliament could have found a solution to the RDR problems'

21 Jan 2011

Labour Shadow Treasury financial secretary Chris Leslie says Parliamentary scrutiny of financial regulation could be a solution to the “democratic deficit” between legislators and regulators.
Saga sticks with its single-tie annuity despite backing Omo

20 Jan 2011
OFT: CPMA should have statutory objective to promote competition

20 Jan 2011

John Fingleton tell TSC consumer inertia is the “big block” to competition.
Labour backs Money Marketing’s Pave the Way to Save campaign

20 Jan 2011

Labour has backed Money Marketing’s Pave the Way to Save campaign which calls for the CPMA to pay close attention to saving and protection levels when formulating policy.
No CPMA veto for select committee

20 January 2011
TSC will not have veto powers over CPMA chief

17 Jan 2011

Treasury financial secretary Mark Hoban says there will be no role for the TSC in regulator’s appointment.
Bailed-out EU countries should get interest rebates, says MEP

17 Jan 2011

Lib Dem MEP Sharon Bowles says high interest rates mean richer countries stand to gain at the expense of poorer ones.
Tyrie: Govt must have stomach for bank fights

14 Jan 2011

TSC chair says Government must be ready for decisions it may have to make after the Independent Banking Commission reports.
Garnier plea fails to bring out pro-RDR IFAs

14 Jan 2011

Treasury select committee member Mark Garnier says he has not seen an increase in correspondence from pro-RDR IFAs following his call for supporters to come forward.
Altmann plans Saga charter to scrap default annuities

13 Jan 2011

Saga director general Ros Altmann is calling for an end to default annuities as part of a wider charter for annuities.
Who will get CPMA top job?

13 Jan 2011

Who are the front-runners for the top role at the Consumer Protection and Markets Authority?
Barclays chief tells MPs - don't bail out banks

13 January 2011
LibDems turned down King briefing in coalition talks

13 January 2011
Thinktank says TSC probe on banking lacks diversity

13 January 2011
Labour accuses Government of rewriting history over deficit

12 Jan 2011

Shadow Treasury chief secretary Angela Eagle says the Government wrongly blames Labour instead of the financial crisis.
Barclays 'engaging in tax avoidance on a grand scale', says TSC member

11 Jan 2011

TSC member challenges Barclays CEO Bob Diamond over more than 300 subsidiary companies in tax havens.
Barclays says taxpayers should not bail out banks

11 Jan 2011

Chief executive Bob Diamond says regulators should be able to wind down institutions which get into financial difficulties.
Altmann: Government should bring back index-linked certificates

10 Jan 2011

Above target inflation is putting increasing pressure on annuities and the Government needs to act, says Altmann.
TSC to press Barclays' Diamond to give up bonus

10 Jan 2011

TSC member John Mann says Diamond will face “tough questions”.
'FSA crisis failure has killed off UK influence'

7 Jan 2011

The FSA’s handling of the financial crisis has undermined the UK’s reputation in Europe, according to Lansons Communications director Richard Hobbs.
Aifa in plea for rethink over charging and exam deadline

6 January 2011
Garnier wants to hear from pro-RDR IFAs

6 January 2011
Calls for capital tiered tax to replace IHT

5 Jan 2011

The Government should replace IHT with a tiered system to increase revenues, according to the IPPR.
VAT rise 'bad economics', says think tank

4 Jan 2011

Today’s rise in VAT is bad economics with necessary deeper cuts being avoided for political reasons, according to the Institute of Economic Affairs
Miliband: VAT rise is wrong tax at wrong time

4 Jan 2011

Labour leader Ed Miliband attacks the LibDem’s for supporting a policy they attacked in opposition.
Aviva "misleading" annuity advert banned

22 Dec 2010

Advert claiming the insurer could deliver up to 20 per cent higher pension income than competitors is banned as misleading.
Government consult over Ucits IV

22 Dec 2010

The Government have launched a consultation into the implementation of the new Ucits directive.
Three way split at MPC over inflation continues

22 Dec 2010

Sentance continues calls for rise in the base rate while Posen wants £50bn extra QE.
Steve Webb recorded criticising Government policy

21 Dec 2010

Pensions minister has been secretly recorded by the Daily Telegraph raising concerns about child benefit cuts.
MPs call for pro-RDR IFAs to speak up

20 Dec 2010

TSC member Mark Garnier says industry bodies are labelling RDR naysayers a “vocal minority”.
Chancellor suggests VAT rise is permanent

17 Dec 2010

George Osborne says the rise in VAT due in January will be permanent to deal with structural deficit.
Clegg calls on banks to show visible restraint over bonuses

17 Dec 2010

The Deputy Prime Minister says banks should produce quantifiable promises on SME lending.
Burns Anderson to take on 'orphan' clients

16 Dec 2010

Honister Capital is planning to expand the small employed arm of Burns Anderson to take over the clients and assets left behind by retiring Honister advisers.
Honister Capital opts against restricted advice arm

16 Dec 2010

Firms says that it sees no benefit for consumers or demand from its IFAs.
Aifa calls for flexibility over RDR deadline

16 Dec 2010

Aifa director general Stephen Gay calls on the FSA to be flexible over the 2013 deadline as part of an eight point plan he says will improve implementation.
Gordon Brown: RBS did not properly investigate £60bn ABN Amro deal

16 Dec 2010

Former PM says RBS’s defining failure was acquiring ABN Amro without properly checking quality of assets.
MP slams FSA evidence for RDR qualifications

16 Dec 2010

Harriett Baldwin says not enough evidence has been supplied to justify QCF level four.
FSA could release RBS report by March

15 Dec 2010

FSA chairman Lord Turner says there is legitimate public interest in knowing why taxpayer bailout was required.
FSA to publish more detail over RBS decision, says TSC chair

15 Dec 2010

TSC chairman Andrew Tyrie says he understands the FSA will approach RBS for permission to release information.
John Cruddas: Pension fund transparency must increase

15 Dec 2010

Labour MP John Cruddas says more people being exposed to risk makes ability to scrutinise decisions vital.
Local Government pension deficit 'is £100bn'

15 Dec 2010

Local Government pension deficit totals £100bn, according to independent pension consultant.
AIB drops €40m bonus plan after Irish Government pressure

14 Dec 2010

Allied Irish Bank drops plan to pay bonuses to 2,500 staff after Government says state funding depends on not paying them out.
Barnier: Bankers' threats to leave are blackmail

14 Dec 2010

EU internal market commissioner says EU bonus rules are unlikely to lead to a flight of talent.
Metrobank: Banking reform should focus on providing choice

14 Dec 2010

Metrobank tells TSC banking reform is focusing too much on breaking up banks and moving around the pieces.
Metrobank: Product driven approach of banks leads to poor service

14 Dec 2010

Metrobank tells TSC UK banks are based around selling products which leads to consumer detriment
TSC chair calls on FSA to produce RBS report

14 Dec 2010

Andrew Tyrie calls for the FSA to release as much information as possible into the RBS probe.
Avoid the index for best returns, says Martin Currie

13 Dec 2010

Head of intermediary sales Alan Burnett says the best active managers do not hug the index.
Coalition introduces twice as much regulation as it cuts

13 Dec 2010

Figures obtained by Tory MP John Redwood show Government is failing in its one-in-one-out approach to new regulation.
Lord Myners calls for break up of state supported banks

13 Dec 2010

Ex-city minister calls for some banks to be split and for the banking commission to focus on boosting competition.
Reduction in lending down to tight supply, say BoE

13 Dec 2010

The Bank says tight credit supply is the likely dominant force behind a fall in lending.
TSC chief Andrew Tyrie thinks FSA will listen to reason

10 Dec 2010

Tyrie confident regulator will heed MPs’ words.
MPs on the hunt for RDR solution

9 Dec 2010

TSC chair Andrew Tyrie is confident FSA will pay attention to political pressure.
Twin peaks regime will add extra layer of costs

9 Dec 2010

Treasury select committee member Andy Love says the fact that some firms are regulated by two bodies will mean higher costs.
Judgement switch will lead to blunders

9 December 2010
Leslie points to mass concern at RDR

9 December 2010
MPs behind RDR debate to join advisers for Q&A

9 December 2010
RBS says it uses data to help sales

9 December 2010
Solvency II data deluge and groupthink will raise risk

9 December 2010
Treasury has vital part in accountability

9 December 2010
UK already just an adjunct on Europe agenda

9 December 2010
FSA may keep HBOS and B&B reports secret

7 Dec 2010

FSA will only release information in the case of successful enforcement action, despite political pressure
Bankers say it's not too late to change the RDR

3 Dec 2010

Parliamentary debate on the RDR has not come too late to change the outcome of the review, according to BBA chief executive Angela Knight.
It would have been wrong to raise rates, says King

2 December 2010
MPs rail against RDR

2 December 2010
MPs want IFA evidence in RDR probe

2 December 2010
Policyholders can challenge Equitable payout decisions

2 December 2010
Providers to come under IMD scope

2 December 2010
Treasury needs to "gear up" to supervise new regulators

1 Dec 2010

Cicero’s Iain Anderson says Treasury’s knowledge of financial services needs to improve before new regulators are in place.
Baldwin calls on FSA to listen to MPs after parliamentary debate

30 Nov 2010

Conservative MP Harriett Baldwin says the regulator should listen to the growing swell of MPs calling for rethink.
Hoban sticks to his guns as MPs continue RDR onslaught

30 Nov 2010

Huge number of MPs attend Parliamentary debate to express concerns about the RDR.
Mark Garnier: "Let's hope FSA pays attention to Parliament"

29 Nov 2010

MPs call on the FSA to listen to Parliament ahead of tonight’s RDR debate.
OBR revises growth for 2010 up to 1.8%

29 Nov 2010

The Office of Budget Responsibility says growth this year will be higher than it expected but revises medium term growth prospects down
MPs want repo aid after cut in support scheme

26 Nov 2010
Equitable Life claimants will have appeal process

26 Nov 2010

Government confirms Equitable Life victims will be able to appeal compensation decisions.
Insurance companies to be included in IMD

26 Nov 2010

The European Commission has confirmed plans to include insurance companies in the Insurance Mediation Directive.
Regulator kept clear focus on Europe

25 Nov 2010

The FSA has denied it lost focus on European regulatory changes that hit the UK financial services sector.
Bank risk could be pushed on public

25 November 2010
BoE Governor defends decision not to raise interest rates

25 Nov 2010

Mervyn King says high inflation is down to ’temporary shocks’.
'Central banks have no way of spotting bubbles'

25 November 2010
FPC needs to have public interest aim

25 November 2010
FSA considers losing fifth of advisers is acceptable

25 November 2010
MPs are told banks are using account data to undermine IFAs

25 November 2010
MPs set to debate impact of the RDR

25 November 2010
Treasury select committee launches RDR consultation

25 Nov 2010

The TSC wants to know if the RDR will achieve the FSA’s stated objectives.
'Where's the cost-benefit analysis on axing FSA?'

25 November 2010
Which? wants early warning of FSA action

25 November 2010
Return to securitisation boom ruled out

24 Nov 2010

FSA chairman Lord Turner says that most of the securitisation used to fund mortgage lending before the crisis will not return.
FSA warns bank risk could be pushed on public

24 Nov 2010

FSA chief executive Hector Sants says there is a danger of risk being pushed out of the banking system and on to consumers.
Ireland should split from eurozone rather than accepting bailout, says MP

24 Nov 2010

Conservative MP Douglas Carswell says decoupling and defaulting on debt would boost growth prospects.
BBA call for international co-operation over financial regulation

23 Nov 2010

BBA chief Angela Knight says international implementation is vital to protect UK’s banking sector
FSA says up to 20 per cent drop in IFAs is acceptable

23 Nov 2010

FSA says losing a fifth of advisers acceptable costs for RDR.
10,000 Pre-1992 annuitants will miss out on Equitable Life compensation

18 November 2010
Axa Elevate to power investment platform

18 November 2010
Commons RDR debate set for 30th November

18 Nov 2010

The House of Commons debate on the RDR is to be held on the 30th November
Double-tax peril in 'VAT' plan for financial services

18 November 2010
Martin says FSA will be more demanding

18 November 2010
No-growth years set to undercut recovery plans

18 November 2010
Novice MPs are learning on the job in Parliament

18 November 2010
Regulation reforms face 2012 challenges

18 November 2010
School will hunt for new generation of advisers

18 November 2010
Sesame Bankhall launches protection panel

18 Nov 2010

Zenith features products from six protection providers.
Tenet sets up level four training courses for Calibrand diploma

18 November 2010
'UK's advantages will avert offshore exodus'

18 November 2010
Hoban says Govt will continue to back Isas

17 Nov 2010

Government pledges to build on the success of Isas.
Government may dilute bank pay plan

16 Nov 2010

Bonus breakdown likely to be replaced by size of pool.
PM pledges to stand up for financial services 'at every turn'

16 Nov 2010

Cameron says he will stand up for financial services at every turn and work to keep London as Europe’s top financial centre.
Sesame Bankhall launches investment platform with Axa Elevate

15 Nov 2010

Sesame One is available immediately to Bankhall members, but Sesame advisers face accreditation process.
Sesame Bankhall slams "intrusive" FSA

15 Nov 2010

Sesame will launch its own platform, Sesame One, this afternoon.
Sesame to launch 18-month IFA school

15 Nov 2010

Sesame Bankhall says delayed IFA school will now launch next year.
IFAs urged to improve their online presence

12 Nov 2010

IFAs have been warned that their online visibility is decreasing at the same time as more consumers are using the internet to search for financial advice.
BSA attacks "irrational pessimism" of regulators

12 Nov 2010

BSA chairman warns regulators not to force mutuals into a “Plc straitjacket”.
Manx provider wants HMRC Qrops ruling

11 Nov 2010

Isle of Man pension provider is writing to HM Revenue & Customs for clarification regarding changes to the island’s tax rules.
IFA Life promotes best practice in social media

11 Nov 2010
Parliamentary debate set for RDR

11 November 2010
Extra Equitable Life payments bill defeated

10 Nov 2010

MPs have voted down a proposed amendment to widen Equitable Life compensation payments.
IFS report calls for 'VAT-like tax' on financial services and housing

9 Nov 2010

Think tank calls for National Insurance and income tax to be merged while financial services and housing should be hit with a “VAT-like” tax.
Webinar service launches to help IFAs get ready for RDR

4 Nov 2010
TSC member says RDR should create clear advice sales split

4 Nov 2010

LibDem MP John Thurso says RDR should be focused on ensuring a clear divide between independent advice and sales.
Age rise to 68 will push 75% on to disability benefits

4 November 2010
Bank's Bean says data could not predict crash

4 November 2010
House prices fall 0.7% as rate of decline quickens

4 November 2010
Labour says coalition has hit housing confidence

4 November 2010
Osborne: Budget will be on March 23

4 Nov 2010

The Chancellor of the Exchequer has announced the 2011 Budget will be on March 23, 2010.
Ex-Pru chief becomes L&G non-exec director

1 Nov 2010

Nick Prettejohn has joined Legal & General as non-executive director
Labour Party calls for rethink on RDR grandfathering

1 Nov 2010

Shadow Treasury minister says the FSA should look at grandfathering for experienced advisers.
State Street Corp to administer Nest funds

1 Nov 2010

State Street awarded the contract to administer Nest funds as the scheme begins to advertise for fund managers to run mandates.
Crisis warning by LSE chief

29 Oct 2010

Plans to merge the UK Listing Authority and Financial Reporting Council could be sowing the seeds for a future crisis.
New group formed to tackle credit access

29 Oct 2010

A new group has been formed to help businesses understand how to gain access to credit
Select committee chair wants high-rate relief ditched

28 Oct 2010

The chair of the work and pensions select committee has called for higher-rate pension tax relief to be scrapped.
Basel III to raise credit cost

28 Oct 2010

BBA warns that Basel III could see a rise in the price of credit offered by banks to small businesses.
Hoban is hammered by IFAs over 'calculated' Mac gibe

28 October 2010
House prices fall 0.7% in October, says Nationwide

28 Oct 2010

The average price of a house fell by 0.7 per cent in October, as the rate of decline accelerates.
MPs' bid for debate on RDR rejected

28 October 2010
RDR under fire from Tory backbenchers

28 October 2010
Brussels hedge fund rules 'will cost investors'

27 Oct 2010

New rules agreed by Brussels for alternative fund managers will increase compliance costs, say reports
Think tank warns Govt could cut tax relief to pay for universal pension

27 Oct 2010

Institute of Economic Affairs suggests tax relief could be scrapped to pay for universal state pension.
Full Parliamentary RDR debate request turned down

26 Oct 2010

A request for a full parliamentary debate on the impact of the RDR has been turned down for now.
Mervyn King warns new rules will not avert another crisis

26 Oct 2010

Bank of England governor says Basel III is insufficient and points to problems introducing the banking levy.
Precise Mortgages moves into residential lending

26 Oct 2010

Precise Mortgages to move into owner-occupier lending from November
Cable calls for a rethink of short-term corporate behaviour

25 Oct 2010

Business Secretary launches review into corporate governance.
Cameron launches £200bn infrastructure plan

25 Oct 2010

The Prime Minister has launched an infrastructure plan to show where economic growth will come from.
MPs pitch for full Parliamentary RDR debate

25 Oct 2010

Two MPs to ask committee for full RDR debate after ’unprecedented’ interest.
ABI backs our savings campaign

22 Oct 2010

The Association of British Insurers backs Money Marketing’s Pave the Way to Save campaign in Parliament.
Moneysavingexpert.com founder echoes fears RDR will cut access to advice

21 Oct 2010

Martin Lewis raises his concerns over the RDR with MPs.
MPs frustrated with RDR trade body grilling

21 Oct 2010

TSC members outline major concerns about RDR impact and express frustration about the way IFA bodies responded to their grilling.
Big banks vow to offer better customer service

21 October 2010
Call for the FSCS to be formally accountable to PRA and the CPMA

21 October 2010
Commission to probe the independence of auditors

21 October 2010
'FOS is quasijudicial but does not act like regulator'

21 October 2010
IMA warns that UK must keep its eye on the EU ball

21 October 2010
Insurance firms damaged by changes to UK and Euro rules

21 October 2010
Keep FSCS in contingencyplanning, says Hall

21 October 2010
MP wants single body to regulate

21 October 2010
MP's 'horror' at £1.7bn cost of RDR

21 October 2010
TSC calls for FOS to calculate costs

21 October 2010
Backbench MPs continue attack on the RDR

20 Oct 2010

More than a dozen MPs voice concerns in first commons debate on IFA regulation.
CSR: Alexander: Reductions will hit front line services

20 Oct 2010

Public Services will use ’different ways’ to deliver outcomes people want with less money.
CSR: Equitable Life victims to get £1.5bn

20 Oct 2010

George Osborne has confirmed that victims of the near collapse of Equitable Life will get £1.5bn
CSR: EU should share pain of spending cuts, says MEP

20 Oct 2010

Today’s EU budget increase is not in line with cuts being made by member states, according to an MEP
CSR: Johnson attacks coalition MPs for cheering cuts

20 Oct 2010

Shadow Chancellor says abstract figures have become people’s jobs.
CSR: Osborne says turning back on cuts will lead to ruin

20 Oct 2010

Osborne tells the House of Commons a financial catastrophe will “never” happen again.
SimplyBiz slams Hoban's "offensive" McDonald's RDR comments

20 Oct 2010

Managing director Matt Timmins says Mark Hoban’s comments during this morning’s RDR debate reveal a lack of knowledge about financial services.
Blanchflower: Spending cuts are 'cowardice'

19 Oct 2010

David Blanchflower believes the Government cuts show ’appalling cowardice’ and criticises business leaders who support them.
TSC MPs warn of RDR abandoning IFAs

19 Oct 2010

MPs question whether trade bodies are doing enough to represent older advisers unhappy with the new qualification requirements.
Labour calls for targeted tax rises to address the deficit

18 Oct 2010

Shadow Chancellor says tax rises which avoid low and middle income families should be doing more of the work in cutting the deficit.
Career-average plan wins support

16 Oct 2010

IFAs have welcomed Lord Hutton’s aim to fundamentally restructure public sector pensions to put them on a more sustainable footing.
BSA says new financial regulation rules are anti-competitive

15 Oct 2010

BSA chief says the rules conflict with the Government’s commitment to sector diversity and the promotion of mutuals.
Treasury criticised for pension index switch

15 Oct 2010

Statisticians criticise the Treasury over plans to link pensions to CPI.
Aifa warns that FSA could stifle product innovation

14 October 2010
BBA calls for accountability at strengthened Bank of England

14 October 2010
Public sector needs to pay more

14 October 2010
Twitter effect hitting pension strategy

14 October 2010
Banks commit to 'help businesses thrive and grow'

13 Oct 2010

BBA Business Finance Taskforce commits to 17 action points aimed at improving customer relations.
Post Office could be mutualised

13 Oct 2010

Government proposals could see the Post Office mutualised.
Finance Bill being debated

11 Oct 2010

The Finance (No.2) Bill which provides the legal basis for changes in the budget is being debated in the House of Commons
Redwood warns against further QE

11 Oct 2010

John Redwood advises a cautious approach to further quantitative easing.
Ed Miliband unveils Shadow Cabinet

8 Oct 2010

Johnson to be Shadow Chancellor, Ed Balls Shadow Home Secretary and Yvette Cooper Shadow Foreign Secretary
Advisers press for action to close the gaps

7 Oct 2010

Calls for regulator to have an objective of increasing savings and protection rates.
Lord Hutton: Public sector workers should pay more into pensions

7 Oct 2010

John Hutton report will look at collective DC schemes and hybrid schemes for public sector workers.
Panorama slated over pension report

7 October 2010
'Your country needs you', says David Cameron

6 Oct 2010

Prime Minister calls on people to ’seize the opportunity’ the Big Society will provide.
Advisers slam BBC Panorama pension probe

5 Oct 2010

IFAs and contributors to BBC Panorama’s programme on pensions say information was taken out of context.
Government plans to introduce a tax break for married couples

5 Oct 2010

The Government may introduce tax breaks for married couples by the next election, according to reports.
Ken Clarke warns over double dip

4 Oct 2010

Justice Secretary warns Britain could face a double dip recession because of global events.
Osborne defends plans for the economy

4 Oct 2010

Chancellor says plans for the economy have restored confidence and put Britain on sustainable path.
Newby wants to make Northern Rock a mutual again

1 Oct 2010
Webb backs Napf on foundation pension

30 September 2010
Euro rules could dilute RDR

29 Sep 2010
FSA urged to keep UK competitive

29 Sep 2010
'Index switch has weakened the pension promise'

23 Sep 2010

Labour shadow pensions minister Angela Eagle on the future of pensions and why the financial services sector is failing to connect with the masses.
RoyLon warns Nest will cut IFA sales

23 Sep 2010
Coalition urged to collaborate with LTC providers

23 September 2010
Advisers slam LibDems claim they are ‘a doomed species’

22 Sep 2010

Advisers react strongly to Liberal Democrat Treasury spokesman Lord Newby’s claims.
Cable to attack capitalism

22 Sep 2010

Business Secretary Vince Cable will today launch an attack on “corporate short-termism”.
Euro Parliament votes through new pan-European regulator

22 Sep 2010

MEPs give the European Supervisory Authorities the green light.
LibDems say IFAs are a "doomed species"

21 Sep 2010

Liberal Democrat Treasury spokesman Lord Newby says traditional IFAs will die out in favour of online advice.
Cable attacks Labour leadership candidates

20 Sep 2010

Vince Cable says he is alarmed that leadership candidates do not recognise Labour’s contribution to the crisis.
Clegg defends spending cuts

20 Sep 2010

Lib Dem leader says cuts are not ideological charge, speaking at Liverpool conference.
LibDems launch £7bn tax avoidance crackdown

20 Sep 2010

The Liberal Democrats warn tax dodgers to “think again”.
Banks face big rise in capital requirements

16 September 2010
Ignis wants plan B with return of QE

16 September 2010
MPs press for higher Equitable Life payouts

16 September 2010
Redwood rejects casino claims

16 September 2010
Slowdown showdown as cuts and tax rises loom

16 September 2010
Treasury proposes new regime to minimise impact of investment firm failures

16 Sep 2010

Treasury says its new proposals will not hike up regulation costs.
White paper calls for FSA to regulate online sales

16 Sep 2010

Marketing firm Bigmouthmedia wants specific guidelines for the sale of financial products online.
MP questions whether FSA withdrew pensions from Equitable Life

15 Sep 2010

Liberal Democrat MP Stephen Lloyd asks if FSA withdrew pensions before the firm’s collapse.
Equitable boss urges investors to accept £2bn payout

14 Sep 2010

Equitable Life boss Chris Wiscarson says policy holders should be happy with compensation worth half of what they lost.
Governor of Bank of England will be 'too big to fail'

14 Sep 2010

Once the Bank of England assumes control of the PRA the office of governor will be too big to fail, according to Lord Myners.
Treasury select committee approves Weale's appointment to MPC

14 Sep 2010

Martin Weale is formally appointed to the Monetary Policy Committee.
Basel Committee expected to raise capital reserve limit to 7%

10 Sep 2010

Basel Committee expected to increase the core minimum capital reserve limit from 2 per cent to 7 per cent.
Blair says he came up with idea of an independent Bank of England in 1995

9 September 2010
Brown's pension threat

9 September 2010
Danger of over-regulation

9 September 2010
David Miliband wins backing

9 September 2010
EU creates new finance watchdogs

9 September 2010
IMF calls for tax evasion crackdown

9 September 2010
'Maddening but still best Chancellor'

9 September 2010
Odd couple was a blunder

9 September 2010
Plan that lost an election

9 September 2010
PosSol appoints compliance and risk director

9 Sep 2010

Positive Solutions has appointed James McCourt as compliance and risk director.
Coalition split over Diamond appointment

8 Sep 2010

The appointment of Bob Diamond as the chief executive of Barclays has revealed a split in the coalition.
Richard Leeson joins AXA Wealth International

8 Sep 2010

Prudential International’s offshore guru quits to join AXA.
Sesame senior management hires ahead of platform launch

8 Sep 2010

Firm hires Pos Sol and Intrinsic directors and sets out plans to launch platform later this year.
HSBC chairman to become Govt trade minister

7 Sep 2010

Green to quit bank to join the Government, according to the BBC.
Govt to scrap the pre-Budget report

6 Sep 2010

PBR to be replaced by a slimmed down Autumn statement.
Brokers welcome Balls' plan for VAT cut

3 Sep 2010
ECB head will chair new European Systemic Risk board

3 Sep 2010

The European Systemic Risk board will be chaired by the head of the European Central Bank for the first five years
Cash deals urged to change Nimby views

2 September 2010
Clegg rejects thinktank analysis of 'unfair Budget'

2 September 2010
Thinktank slams equality criticism of the Budget

2 September 2010
Blair reveals Gordon Brown's pension reform threats

1 Sep 2010

The former Prime Minster’s memoirs reveal Brown’s strong opposition to Lord Turner’s reforms.
Ed Balls calls for housing reform

31 Aug 2010

Labour leadership candidate calls for £6bn affordable housing spend and lower VAT on housing repairs.
Ed Balls slams cost-cutting consensus

27 Aug 2010

Labour leadership candidate says political and media cost-cutting consensus has no mandate from the electorate.
GDP grows by 1.2 per cent in Q2

27 Aug 2010

ONS revises growth figures up slightly.
Clegg slams IFS Budget analysis

26 Aug 2010

Deputy Prime Minister says the think tank ignored other policy initiatives.

Money MarketingSteve Tolley Editorial

Money Marketing
Steve Tolley Editorial