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Francis emerges as FSA candidate

The Treasury is believed to have drawn up a short list for the next FSA boss to replace outgoing chairman Howard Davies and ABI director general Mary Francis could feature prominently on it.

The list, which follows on from last week&#39s deadline for applications, is believed to include Francis, Customs & Excise chairman and former Schroders executive Richard Broadbent and former Treasury second permanent secretary Sir Steve Robson.

It is thought that Robson, who while serving as a senior civil servant in the Treasury was responsible for the development of the FSA, is the Government&#39s favoured candidate.

It is also believed the race for the next FSA chief executive may be heating up, with managing director John Tiner relinquishing his early lead to fellow MD Carol Sergeant.

Tiner was widely thought to be the front runner but it is believed that the Treasury is disappointed with his performance in the split-caps crisis.

A Treasury spokesman says: “We will consider all those who have applied but will not comment at this early stage in the process.”


Househunters held back by threat of war

Over half of househunters in the UK and 70 per cent in London feel the threat of war with Iraq has been adversely affecting the housing market, says research by property website survey of 1,037 people looking to move house carried out this month shows that 58 per cent feel that concerns about the […]

Firms applying for IFA captive PI role

The FSA has received formal applications from companies looking to become authorised as a captive professional indemnity insurer for IFAs.As revealed in Money Marketing in February, there have been talks between the FSA, Aifa and the ABI about setting up a captive insurer selling PI insurance to IFAs on a commercial basis.Aifa director general Paul […]

&#39Savers have not learned lessons of tech collapse&#39

Investors are still following fads and do not understand the basics of asset allocation, says Isis.The bursting of the bubble means that investors have become more concerned about risk in general but Isis believes that they do not understand the risk of chasing performance.The fund firm says that understanding of asset allocation is so […]

Loan firms set sights on key workers

Specialist lender BM Solutions and packager The Mortgage Partnership are offering a key worker mortgage to help teachers, nurses, firefighters and health workers get on the housing ladder.The product will be available across the UK but is primarily targeting hotspots such as London, where affordability is an issue for key workers on relatively low salaries.The […]

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]


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