The FSA has appointed Kay Blair as vice-chairman of the Financial Services Consumer Panel, succeeding Adam Phillips, who became chairman in July.
One of the most intriguing features of the Tory conference last week was the new egalitarianism suddenly discovered by its most senior party figures. A classic example came in a speech delivered by Shadow Chancellor George Osborne to the party faithful. Mr Osborne told his audience, both in the conference hall and at home, there […]
The Association of Investment Companies has warned the Alternative Investment Fund Managers Directive risks increasing consumer costs.
The High Court has ruled that the Government unlawfully rejected the Parliamentary Ombudsman’s findings that maladministration had caused injustice to Equitable Life policyholders, in a hearing today.
Skandia chief development officer Peter Mann is calling for the RDR to be phased in between 2012 and 2014. Speaking to Money Marketing at the Honister Capital conference in Brighton last week, Mann said the timescale for the RDR does not “feel right” and is suggesting that the FSA pushes back the phasing-in period so […]
Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]
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FCA chief executive Andrew Bailey has used a speech at The Investment Association’s annual dinner to explain the regulator’s plans to make sure fees result in “sensible incentives” for fund managers. The regulator has put value for money in the spotlight with its Asset Management Market Study. The measures consulted on include getting more independent […]
Last week I was delighted to have the opportunity to talk about one of the most critical challenges for platforms over the next 5 to 10 years – whichhow do they need to evolve? And by ‘need’ – we frankly mean what’s required if platforms are genuinely to meet the needs of intermediaries and investors […]
Neil Woodford has upped his stake in Provident Financial as shares in the consumer credit company double from their August lows. According to a regulatory filing published late yesterday, the star fund manager increased his stake from 19.1 per cent to 20.1 per cent. Provident shares jumped 12 per cent on Friday morning when the […]