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Metro Bank chair survives protest vote from likes of Royal London

Metro Bank’s chairman Vernon Hill has been re-elected despite opposition from activist shareholders such as Royal London. Hill has received criticism from a number of major shareholders over payments to his wife’s company Interarch totalling £21m since Metro Bank’s inception in 2010. The board at Commerce Bank previously ousted Hill from his former role at […]

John Lawson: DC or CDC? That is the question

Collective defined contribution schemes are back on the table. And this time, it looks like for real. At last, there is demand, albeit from just one employer, Royal Mail. The work and pensions select committee is running an inquiry and the government also appears to be taking it seriously. Unfortunately, a lot of the old […]

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FCA plans 4% increase in adviser levies

The FCA has proposed a 4.2 per cent increase in adviser fees for the coming year. For the 2017/18 financial year, the A13 fee block, of which advisers and other intermediaries are part, contributed £77.1m in regulatory fees. In a statement accompanying its business plan for the year ahead this morning, the FCA has proposed […]

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