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FSA will look to loan and protection implications

Outgoing FSA chief executive John Tiner says the retail distribution review must cons-ider the implications of its conclusions on areas such as mortgages and protection.

Speaking at the FSA’s ann-ual public meeting in Lon-don last week, Tiner reinforced the fact that the RDR is restricted to pensions and investment in response to the perceived market failure the regulator has identified in this area.

But he said as the RDR is taken forward, the FSA will have to consider the impact of wholesale changes to the distribution landscape on other product lines such as mortgages, protection and general insurance.

Tiner said: “Whenever one looks to improve the und-erlying dynamics of the marketplace, and in taking the retail distribution review forward, the FSA will have to take into consideration the implications for other products and components of the consumer distribution channel. It is self-evident and we are very aware of that.”


Paul Myners to chair personal accounts delivery body

Paul Myners is to head up the Personal Accounts Delivery Authority charged with getting the Government’s personal accounts scheme up and running.Myners previously conducted the Treasury review of institutional investment which led to the controversial Sandler Review of long-term savings. He also ran independent Government reviews of mutual insurance companies and equity investment in science […]

Surprise surprise, protection industry needs innovation

The Protection Review conference and dinner went like a charm a couple of weeks ago with many industry gurus giving their two bobs worth about what providers and advisers have been doing and should be doing to close the protection gap. flops in LSE debut flopped yesterday when it debuted on the London Stock Exchange, with its shares losing £70m.The price comparison site issued shares at 170p, the bottom limit in the 170-210p predicted range, which shortly dropped a significant 16p to 154p. They later made up 4p to close at 158p.The float was the world’s biggest internet flotation […]

Government confirms Isa changes

The Government has set its Isa reforms in stone laying out regulations to ensure greater flexibility and long-term stability for the product.Economic secretary to the Treasury Kitty Ussher today laid regulations to make Isas available indefinitely, allow Peps to automatically become stocks and shares Isas and allow savers to transfer money saved in cash Isas […]


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