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DTI will remove audit requirements

The DTI has laid regulations to remove audit requirements for small regulated firms and appointed representatives after an FSA study. The new regime comes into force in November and the FSA estimates it will save firms £15.25m, with the biggest beneficiaries being financial advisers.

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Down to earth

CBK principals Peter Chadborn and Andy Baker have taken the plunge to raise money for charity by skydiving from 10,000 feet. After 30 seconds of free-falling, they parachuted down and landed intact 10 minutes later. Chadders has raised 851 for the NSPCC so far but is hopeful that the tighter sponsors among you will cough […]

Defaqto issues warnings over PPI

Defaqto is warning that consumers need to seriously check what they are being sold by lenders offering payment protection insurance.Following yesterday’s signalling by the Office of Fair Trading of its intention to refer the UK PPI market to the Competition Commission, Defaqto says it once again highlights the need for customers to check what they […]

Key points for FTBs

Helen Pow asks if the new public-private partnership is the best deal for first-time borrowers

On opposite sides of the means street

Pensions minister James Purnell and Scottish Life’s Steve Bee have been having a ding-dong argument about means testing and planned pension accounts in a series of blogs on the Guardian newspaper’s website. Just last week at a Money Marketing/Cicero Summit, Purnell argued that the Government’s intention was to retain some means testing but that despite […]

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