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Sir Hector Sants to lead UK banking review

Former FSA boss Sir Hector Sants has been appointed to lead a review of bank competitiveness in the UK. Sants will head a team at global management consulting firm Oliver Wyman and release the first review in autumn, reports the FT. Among the topics the review will cover are banking regulation, the risks of a ‘Brexit’ for […]

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Govt pledges to tackle ‘heavy handed’ regulators

The Government will today set out plans to cut at least £10bn in business red tape in a bid to boost Britain’s growth prospects, the Telegraph reports. Recently-appointed Business Secretary Sajid Javid will vow to help small firms by getting “heavy handed” regulators off their backs. In a speech in Bristol, Javid will say: “Small […]

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Pension savers shun annuities for drawdown and UFPLS

Drawdown and lump sums are being favoured by pension savers a month after the introduction of the radical new freedoms, figures from Hargreaves Lansdown show. Less than one in ten (8.4 per cent) of Hargreaves’ customers have bought an annuity since 6 April, compared to 75 per cent who entered drawdown and 16.6 per cent […]

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