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Boyd on FSA board for further three years

Chancellor Gordon Brown has reappointed Stewart Boyd QC to the board of the FSA for a further three years.

The board is mostly made up of non-executive directors and it decides issues such as the remuneration of FSA chairman Howard Davies and the other executive directors.

Brown says: “He has played an important role as head of the non-executive directors and provided a balance between the practitioner and consumer representatives on the Board.”


Old Mutual profits slip to £81m

South African financial services group Old Mutual saw its profits plunge to £81m from £1bn last year. Profits in its overseas properties including the UK fell to £770m from £824m, partly due to the £19m it spent in setting up funds supermarket Selestia in the UK last year.

Investment analysis

It was a mixed week for global markets, with most falling on continuing concern about corporate debt levels and accounting practices. The representative FTSE World index finished 1.7 per cent lower, although both the Dow and Nikkei 225 gained ground.In the US, the markets were inconsistent throughout the week. On Thursday, the technology-heavy Nasdaq closed […]

Outside edge – Garry Heath

It is a basic principle of an ordered and civilised society that those who want to change the status quo are required to explain the proposals in detail so that those who are affected can judge whether they are being off-ered progress or a return to a darker age.In proposing CP121, the FSA has singularly […]

Investing guide from Wesleyan

Wesleyan Assurance Society is producing a guide to investing aimed at helping consumers through the range of products available.The guide includes a self-help tool to assist investors in working out an investment strategy, as well as a glossary of financial jargon.Wesleyan&#39s newly appointed managing director Peter McNamara says: “This guide is designed to give investors […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


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