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ABI calls for regulator to ‘send messages to the market’

The Association of British Insurers wants the FSA to be more open with investors to help them assess firms’ corporate governance standards.

At the NAPF conference, ABI director general Stephen Hadrill asked Myners whether the FSA could do more to help investors assess risk. He said: “We will not know what the FSA’s view is on particular companies and probably should not know but I wonder if the regulator can send messages to the market and get closer to investors, talking to them about the kind of things they really should be asking those difficult questions about and about those things which are often hidden in dusty corners?”

Myners said: “In the recent recapitalisation of banks, the FSA held two town hall meetings and feedback I got from the investment industry was good. I hope that FSA chairman Adair Turner might see benefit in that continuing.”


In the lapse of the gods

In times of recession, consumers cut their spending on non-essential items and unfortunately protection insurance is sometimes put into this category.

Fidelity Intl wants to shut 10 multi funds

Fidelity International is proposing to close 10 of its 12 offshore multi-manager funds as they have failed to generate critical mass. The natural resources fund and global high-alpha fund will remain open.

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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