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Davies warns Europe over regulation

FSA chairman Howard Davies has issued a warning to Europe not to impose legislation liable to drive business away from London.

Speaking to the British Chamber of Commerce in Brussels, Davies said he wanted the EU to agree on a common set of standards designed to protect London&#39s position as Europe&#39s financial capital.

If it failed to do so, he warned there was a risk that business would flood to other major financial centres, with New York being the main beneficiary.



Will the FSAs extension of its deadline for responses to CP121 make you more likely to respond to the paper?“No, I am over 60 and coming to the end of my career in this business. All I want to do is get on with my job.”Paul Butler,Mr Paul Butler“No, I am not sure I will. […]

Why price is right for IFA software

An interesting debate broke out recently on the FinservUK Ecom list. It appeared to be prompted by the charges being introduced for DBS members by AssureWeb for the use of the Consultant software that replaced the previous System 5 a couple of years ago.While I have no desire to get dragged into the general discussion […]

Pensioners are missing out on £1bn in benefits

Almost three million pensioners in the UK are failing to claim benefits to which they are entitled, potentially missing out on more than £1bn a year, according to Prudential.Its latest retirement index reveals that millions of pensioners are not taking up the three core state benefits – income support, housing benefit and council tax relief […]

Cater Barnard bids for net portal

Financial advisory services provider Cater Barnard has put in a bid for internet-based broker portal Confida Mortgages for an undisclosed sum.Cater Barnard has entered preliminary negotiations to buy Confida as part of its strategy of becoming a pan-European IFA. If successful, the move will see the portal target the professional introducers&#39 market.Cater Barnard UK managing […]


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