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FSA, Treasury and Bank of England launch joint website

The FSA, Bank of England and Treasury have launched a joint website providing information on continuity in financial services in the event of an industry wide or local emergency.

The three authorities have been working together with other public and private sector bodies to help co-ordinate business continuity within the sector.

The FSA says September 1l has shown the importance of having a plan prepared in the event of an emergency occurring.

The FSA has also published a working paper, Business Continuity Management, setting out broad principles for the industry.


Putting flesh on the bare bonus

The FSA with-profits review has hardly registered on the Richter scale of financial shockwaves.Perhaps we have all been preoccupied by the other FSA review into the future of polarisation. Or perhaps we feel that the with-profits review needs fleshing out a bit before it is worth bothering about. But it could mean big changes are […]

Sandler will criticise FSA regs says Sunday Telegraph

Ron Sandler will conclude the cost of complying with complex FSA rules is a significant deterrent to saving through pensions, Isas and unit trusts according to the Sunday Telegraph.The final report of the Treasury commissioned Review of Medium and Long Term Savings will be published next month, says the newspaper, and will propose the creation […]

FI&S doubles funds in £240m R&SA deal

Friends Ivory & Sime has snapped up the fund management business of Royal & Sun Alliance for £240m, creating a major UK investment house with £70bn under management.The takeover, which will spark a wave of fund consolidation and redundancies among the 700 staff of both companies, will more than double FI&S&#39s £34m of assets under […]

Clients deserve much better

In just one week I have been alarmed by several instances of a complete lack of customer service from life offices and a mortgage lender as follows:Chase up telephone calls to Clerical Medical in relation to specific stakeholder information resulted in the telephone clerk at the call handling company admitting that it can take up […]


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