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FSA recruits RBS and Aviva bosses to Practitioner panel

The FSA has appointed Royal Bank of Scotland group executive chairman of retail markets Gordon Pell and Aviva group executive director Patrick Snowball to the Financial Services Practitioner Panel.

Pell joins the Panel to provide input primarily from the retail banking sector, while Patrick Snowball will represent the general insurance sector.

The Panel has also reappointed current members deputy chairman of Threadneedle Asset Management Alan Ainsworth, and London Stock Exchange chief executive Clara Furse.

The Panel is a statutory body that represents the interests of practitioners within the regulatory framework.


John Scott & Partners set to buy Towry Law for £37m

Wealth management group John Scott & Partners is to buy the Henderson owned independent financial adviser and insurance broker Towry Law for £37m. All Towry Law staff apart from managing director John Simmonds, will transfer with the business on completion, which subject to regulatory approval is expected in March 2006. JS&P, executive chairman Andrew Fisher […]

Critical points after general regulation

The protection market underwent a major shake-up, with general insurance coming under FSA regulation.GI regulation was introduced on January 14, dividing the market between advised and non-advised sales. This kicked off a price war, with non-advised sales firms often able to undercut their advised counterparts but advisers hitting back by warning that consumers have little […]

Nagging doubt over lender transparency

Since the dark uncertain days of November 2004 and the introduction of the new world of regulation, there has been something nagging at the back of my mind about our new world of transparency and treating customers fairly. It has been there a year and this nagging is now reaching spouse-like proportions and will not […]

Regulator will probe advice issues

The FSA will consider issues of advised versus non-advised sales next April, raising hopes that Money Marketing’s No Advice No Protection campaign will succeed. The regulator will analyse consumer awareness around the lack of redress that the public have with the Financial Ombudsman Service on protection policies bought direct as part of a wider review […]

Is three a crowd?

The pension versus Isa debate has raged on and off for years. Les Cameron, head of technical at Prudential, asks if three’s a crowd.   I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed. Total access, albeit with […]


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