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FSA publishes consultation paper on future of credit union

The FSA has published a consultation paper into the future of the credit union movement in an attempt to improve consumer confidence. FSA chairman Sir Howard Davies says he wants to create a regulatory environment which will encourage credit unions to grow.

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Dunfermline and Lambeth appoint chief executives

Dunfermline and Lambeth building societies have app ointed new chief executives. Dunfermline chief David Smith will retire in March. He has been director and chief executive since 1987 and chairman of the Building Soc ieties Association since last year. Smith will be replaced by Graeme Dalziel, who steps up from fin ance director. David Chalmers […]

IFAP goes online to back polarisation

IFA Promotion has set up a website as part of its campaign to keep polarisation. IFAP says the site aims to get public support for the regime which it says is a transparent system giving consumers access to truly independent advice. The site, www.saveindependentfinancialadvice.co.uk, has an online petition for consumers to record their support for […]

Aberdeen Assets soar

Aberdeen Asset Management announced assets under management increased by 36 per cent to £21.9bn from £16.1bn between September 1999 and September 2000. The group says the jump results from both organic growth plus the acquisitions of Murray Johnstone and Barclays Property Investment, both completed since year end 1999. Chief executive Martin Gilbert says: “This has […]

FSA tells IFAs they must gen up on investment

IFAs will have to be up to scratch on investment knowledge as part of an overhaul of training and competence regulations. As part of the move towards raising standards, the regulator says it plans to review industry exams early next year, which could result in a streamlining of the number of exams available and retesting. […]

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