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Davies to quit

FSA chairman and chief executive Howard Davies is to quit after five years in the duo role.

Davies will leave the regulator in September 2003 to take up the position of director at the London School of Economics on October 1.

Davies 51, was previously deputy governor of the Bank of England and had been tipped as a possible successor to Sir Edward George for the top job at the BoE.

However the Chancellor Gordon Brown announced in his pre-Budget Statement last month that current deputy governor Mervyn King would replace George.


Plus adds up the sums

Few companies have as consistent a record when it comes to delivering e-commerce services for IFAs as Scottish Life. Over the last few months, the company has made some significant enhancements to its IF@plus.Over the past couple of years, there have been two key drives in industry e-commerce, the first based on new business and […]

Coogan claims he was right to call for rate rise

CML director general Michael Coogan has defended his unprecedented call in June for the Bank of England to hike interest rates despite opposition from the biggest lenders.Speaking at last week&#39s CML annual dinner, Coogan admitted he “risked making himself the most unpopular person in the industry” in the summer when he declared that an increase […]

Medical disclosure curbed in BMA-ABI agreement

The British Medical Association has agreed new guidance with the ABI limiting the amount of sensitive information that doctors can disclose to insurers on subjects such as sexual health.Doctors will no longer be required to provide details of all aspects of their patients&#39 sexual history as this could be an obstacle for people considering HIV […]

Demand and Design are the key areas

Stakeholder pension, IPA, Isa and Cat standard. Which is the odd one out?The answer, of course, is the Isa. Why? Because it has been a huge success while the other three have failed – failed to reach their target market and failed as a commercially viable proposition for product providers.The reason for this lies in […]


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