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FSA cuts FSCS funding

The FSA is cutting operational funding for the Financial Services
Compensation Scheme by 4.8 per cent to £11,839,000 from
12,435,624. The regulator says the cut is due to increasing efficiency
within the compensation scheme. FSCS head of finance Nick
Gooderham says the reduction in the scheme&#39s management
expenses levy reflects further savings made by the scheme and a
reduction in the number of pensions review claims the FSCS is
expecting to handle in 2004-05.


Friends Prov offers tax tool

Friends Provident is offering IFAs a friendly hand with client tax self-assessments this year as the deadline for returns draws near.Tax self-assessment forms are due on January 31 for the 2002/2003 year and Friends Prov is providing its free on-line My TaxFriend tool which offers guidance through the form, along with automatic completion of complex […]

Axa says markets must rise for years to restore bonuses

Axa Sun Life has slashed payouts on its former Equity & Law conventional life and pension policies despite rising stockmarkets last year. The regular bonus rates for 2003 and interim rates for 2004 have been cut to 2 per cent from 3 per cent in 2002. The cuts affect around 10 per cent of Axa&#39s […]

MFS brings over US fund manager for roadshows

MFS International UK is to hold roadshows across the UK for intermediaries, focusing on its US growth equity and US market prospects funds. The seminars, lasting around an hour, will be held in Newmarket, Birmingham, Manchester, Harrogate, Bristol, Bournemouth and London between January 13 and 16. MFS International UK, a subsidiary of Boston-based MFS Investment […]

Regulate the regulator, says Kennedy

Liberal Democrat leader Charles Kennedy wants to cut the burden of red tape for small businesses by establishing an independent body to regulate the FSA. Speaking at a business forum hosted by the Institute of Chartered Accountants in England and Wales this week, Kennedy pledged to help SMEs escape red tape and bureaucracy. Kennedy said […]


Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]


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