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FSA seems keen to apply discipline in certain areas

As the year 2000 was drawing to a close, the FSA took the moral high ground in disciplining nine of its employees who had tried to resend the infamous “Find Claire Swires” email.

We are now waiting for the consultation document on what the next step in the pro cess will be.

Aside from the FSA, there is likely to be some consolidation in regulation. At some point in 2001 the Asso ciation of Independent Finan cial Advisers (Aifa) and Indepen dent Financial Adviser Prom otion (Ifap) are tipped to become one. So what catchy name will the new body have?

This year will also see de-polarisation being introduced despite valiant efforts to stop it. But the full effect will take a while to come through and with a general election looking on the cards for May anything could happen.

We could even see Tony Blair becoming an IFA for a day in yet another spin doctor&#39s vision.

Other things on the cards this year are IFAs working more on a fee basis and Cat-marked standards on all packaged products.

Lastly, here&#39s to a more equitable way of regulating life companies this year.

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Thursday, 4th January 2001.Type: High interest account.Minimum-maximum investment: £1,000-£1,000,000.Interest rate: 6.25 per cent gross a year.Term: Until June 4, 2002.Offer period: Until further notice.Withdrawal penalties: No withdrawals permitted during term.Tel: 0845 6012340. 

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