Bloated: Is the Govt’s plan for Nest a step too far?

Radical Government proposals for the future of Nest could redraw the UK’s pension landscape. Under the plans – which Money Marketing can reveal now has cross-party support – the state-backed provider would expand both into the post-retirement product market and open as a personal pension firm targeting individuals. The wider industry warns without a sign […]


For the FCA, does too big mean failure?

In the FCA’s short lifespan, it has seen a lot of change – at a market level but also internally. In the space of three years, the number of firms regulated by the FCA has more than doubled from 26,000 in 2013 to around 56,000 currently, with the number of approved persons regulated standing at […]


Robo-advisers accused of creating regulatory ‘Wild West’

Many robo-advisers are breaching existing regulatory rules and are financially unviable – according to a damning report into this fledgling market. The report by SCM Direct said those robo-advisers risked being a “poisoned chalice” rather than a “silver bullet” to plug the widening advice gap. It is urging the FCA to investigate further and put […]

HM Treasury Boardroom Head And Shoulder Shots - Wed 24 Feb 2016

HMT promotes financial services chief Roxburgh to replace Kingman

Charles Roxburgh has been appointed to the Treasury’s second most senior civil servant role to replace new L&G chair John Kingman. Roxburgh is promoted from director general of financial services – a post he has held since 2013 – to second permanent secretary. He will be responsible for the Treasury’s economics function and have responsibility […]


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