View more on these topics

FSA Chief Executive: Good timing as Tiner aims for private sector

John Tiner’s decision to leave the FSA took some by surprise but industry experts suggest that the timing of the move is a combination of good governance and personal ambition.

Beachcroft regulatory consulting managing director Richard Hobbs says that by stepping down in July, Tiner ensures his leaving date does not clash with that of chairman Callum McCarthy, whose five-year term ends in September 2008.

Hobbs says if Tiner did not announce his departure now, he would have been tied in to the regulator until 2009.

CMS Cameron McKenna partner Simon Morris says he has been impressed by Tiner’s tenure but suggests there is much to be said for quitting while you are ahead and leaving on a high.

Tiner, who turns 50 next month, says he is moving on to follow another career in the private sector before retiring. He will not be short of job offers when he is allowed off the FSA’s leash in next January.

A senior executive or chief executive role for a listed group or a private equity role is possible as is a senior partnership in a large account-ancy firm, or non-executive directorships.

Hobbs says: “The timing of Tiner’s departure is very sensible in terms of good governance as the FSA would not want McCarthy and Tiner to depart around the same time.


Lords committee to investigate FSA

A House of Lords select committee has been set up to investigate the FSA. The probe will explore the working methods of the regulator and their effectiveness.

Disillusioned Reid quits Aifa

Personal Finance Society vice-president Robert Reid has left Aifa, saying he is disillusioned with its views on the future of the industry.Reid says he will not be renewing his membership as he believes the trade body is entrenched in its views about the current retail distribution review, appearing to be committed to maintaining the status […]

Hargreaves Lansdown investigates £600m floatation

Hargreaves Landown is eyeing a possible £600m flotation among a number of options for the firm.Head of research Mark Dampier says Lexicon Partners has been appointed in explore all the options for the future of the company including the possibility of going public.The firm’s two founders chief executive Peter Hargreaves and chairman Stephen Lansdown each […]


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