View more on these topics

FSA appoints two new FSCS non-execs, chairman David Hall reappointed

The FSA has appointed Ivan Rogers and Phillip Wallace as non-executive directors on the Financial Services Compensation Scheme board, with immediate effect.

Rogers was previously principal private secretary to former Prime Minister Tony Blair, private secretary to former Chancellor Kenneth Clarke and director of european policy and director of budget and tax policy at HM Treasury.

He joined Citi Group as a senior government banker for the UK in July 2006 and is a member of Citi Group’s UK banking and broking board.

Wallace was a chartered accountant at KPMG from 1971 to 2005, finishing as a vice chairman and chairman of the audit committee. His main specialism was corporate recovery, where he was the senior partner responsible for complex restructurings and insolvency.

Since his retirement Wallace has held a number of non- executive roles including the chairmanship of the Insolvency Services Steering Board which he took up in 2007.

The FSA has also confirmed the reappointment of David Hall as chairman of FSCS until March 31, 2012.

FSA chairman Adair Turner said: “We are pleased that Ivan Rogers and Phillip Wallace have been appointed to the FSCS board as non-executive directors. They bring with them experience in their fields which will greatly benefit the FSCS.

“We are also pleased that David Hall is remaining as FSCS chairman. He has done an outstanding job at the FSCS which has faced unprecedented pressures during the past year.”


Newton renames Absolute fund

Newton Investment Management is to change the name of its absolute return fund. Absolute Intrepid will become the Real Return fund on June 30. The group says the new name better reflects the funds objective, of achieving real rates of return from predominantly British holdings. The fund is managed by Iain Stewart using Newtons global […]

Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm