The influential Treasury committee of MPs has scaled up efforts to hand it the final say in the appointment and sacking of a future FCA chief executive. The committee wants the power to veto the recruitment and dismissal of the most senior figure at the regulator to ensure its ongoing independence. The Treasury currently has […]
The FCA is being urged to introduce a warning system for savers in non-advised drawdown amid concerns their pots could be eroded away as stock markets plummet. Drawdown sales have rocketed in the wake of the pension freedoms, with thousands of customers exposed to stock market risk in retirement without speaking to an adviser. At […]
Former Mortgages PLC chief executive David Pothecary is setting up a new company called The Mortgage Lender with several former colleagues. The new company will be a specialist lender. The firm has not officially launched, but Companies House documents confirm that Pothecary, currently chairman at RPS Capital Partners, is its principal. The Mortgage Lender has […]
The final stages of a sell-off can be the most interesting, says Simon Edelsten, manager of the Global Select Fund. It is not a matter of calling the ‘bottom’. Instead, investors should focus on selected stocks’ prospects over the longer term.
By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]
- Top trends
News and expert analysis straight to your inboxSign up