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Halifax in good position for regulatory change

Halifax says it is not concerned about the FSA&#39s proposals to make major changes to financial advice, including the removal of polarisation.

Halifax spokesman Jason Clarke says: “We&#39re going to need to give this a bit of consideration before making a full response. But given our range of brands and products we will be well placed to cope with any changes to regulation. We will need to give full consideration to the announcement but whatever the final outcome we&#39ll be in a good position.”

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Regime has been under threat since inception

The FSA&#39s plans to scrap polarisation are just the latest attempt to dismantle the regulatory regime which has been under threat since its inception 14 years ago.The concept of polarisation first appeared in the statute books in 1986 as part of the Financial Services Act. It had been proposed by the Marketing of Investments Board […]

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