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Govt must act to defuse social care time bomb ABI says

The government must urgently publish its green paper on social care as 90 per cent of over 65s have no plan for social care funding, the Association of British Insurers says. The ABI argues a massive new campaign is needed to raise awareness of social care funding based on polling research from Populus alongside analysis […]

FCA asks if it was “aggressive enough” with failed mini-bond firm

FCA chief executive Andrew Bailey questions if the regulator could have been more aggressive in the way it handled the London Capital & Finance debacle. He made the point while giving evidence to the Treasury select committee about the watchdog’s work practices. Bailey was questioned on the lessons the watchdog has learned so far about […]

Bankhall: Recruiting and growing successful teams

The challenge is not just about getting the right people, but keeping them interested The success of advice firms has presented them with something of a dilemma. Many have grown their client banks significantly, which they now need to service and retain, while at the same time looking after the needs of new customers. And […]

Advisers flag doubt over DB market performance

Three quarters of advisers feel the defined benefit transfer market is struggling to match supply with demand and work effectively, research shows. Figures from Aegon found two thirds of surveyed advisers who currently provide DB advice say there are not enough specialists to meet customer demand. These figures follow the FCA’s reveal of a recent […]

New pensions watchdog head puts savers at heart of vision

The Pensions Regulator’s new chief executive Charles Counsell has outlined how the watchdog will ensure savers are treated fairly in his first major speech today. Counsell who took up his post in April was speaking to delegates at the Pension Benefits UK conference. He explained how the pensions landscape has changed and what the regulator […]

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Treasury to probe mini-bond regulation after LC&F collapse

The Treasury will look at whether the regulatory framework around mini-bond investments is suitable following the collapse of provider London Capital & Finance earlier this year. According to Reuters, junior finance minister John Glen flagged the finance ministry’s involvement in the ongoing case in a letter to lawmakers published on Monday. Glen says the Treasury […]