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Good time for Davies to go say the Lib Dems

The announcement of FSA chairman Howard Davies&#39 early departure from the regulator is good news for him personally, and good news for the regulator according to the Liberal Democrats.

Lib Dem trade and industry spokesman Vincent Cable says the FSA needs fresh blood in the top job to take over from Davies.

Cable says: “It is a good move from his point of view and from the point of view of the FSA. Many of the issues have been overly personalised and it is about time he goes. The FSA needs a fresh person in preferably from the outside.”


Inside edge

Will the menu system for remuneration work and is remaining independent preferable to being multi-tied?It was very interesting to see that Sir Howard Davies chose the occasion of the Aifa annual dinner to announce the broad outline of the FSA&#39s decisions on CP121. There will be a consultation paper in January 2003 so, while we […]

Abbey National – Safety Plus Growth (Issue 10)

Tuesday, 10 December 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£500,000, Isa £1,000-£7,000 Term: Five years six months Guarantee: Capital returned in full along with 17.5% growth at end of term regardless of performance in index Return: Up to 45.1% growth Closing date: February […]

Davies to quit

FSA chairman and chief executive Howard Davies is to quit after five years in the duo role.Davies will leave the regulator in September 2003 to take up the position of director at the London School of Economics on October 1.Davies 51, was previously deputy governor of the Bank of England and had been tipped as […]

Mortgage advisers will have to pick one role

Mortgage advisers will be forced to choose between being an appointed representative of one firm selling its panel of products or be fully independent and directly authorised by the FSA from 2004, according to new proposals from the regulator.The FSA consultation paper, published this week, says ARs can only have one principal company for ordinary […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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