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FSA warns on India outsourcing

The FSA is warning the industry that outsourcing services to India carries risks and cautions that high staff turnover blights many operations.

The regulator, in a guidance brief, acknowledges comparatively cheap well-educated staff are plentiful and the country has strong IT, but also warns of the political backlash back in the UK from such arrangements which anger local workers.


Abbey made FSA threat after fee error

Abbey has been forced to apologise to Abacus Assurance Financial for threatening FSA action against the broker for the return of money that it had incorrectly paid to another company.

Hanging on the telephone

The impact of Marconi’s share price collapse highlights the effect that a single stock can have on a fund manager’s performance.

L&G goes beyond bare minimum

Legal & General has established a fourth issue of the protected capital and growth plan 2, a FTSE 100 linked guaranteed equity bond that provides a full capital return plus a minimum level of growth after six years.

Vertex completes Exchange purchase

Vertex has completed the 95.3m acquisition of Marlborough Stirling, owner of The Exchange.Andy Hunt has been appointed managing director of Marlborough Stirling, replacing the old chief executive Mike OLeary who has left the company. Hunt was previously sales and marketing director of Vertex.Non-executive chairman Geoffrey Harrison-Dees has also left the company along with non-executive directors […]

The Rubik’s Cube: China’s policy trilemma

By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]


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