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Andrew Tyrie BBA Conference 2012 480
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Tyrie named as new chair of competition regulator

Former Treasury select committee chair Andrew Tyrie has been named as the new chairman of the Competition and Markets Authority. The ex-MP is best known for asking tough questions of the financial services sector while at the head of the influential parliamentary group. While the FCA also has a competition remit, the CMA is likely […]

Malcolm_Kerr_EY
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Malcolm Kerr: Current withdrawal strategies could leave clients penniless

The industry must find new ways to take care of all those swapping guaranteed income for the uncertainty of the market I attended a presentation entitled ‘Successful Withdrawal Strategies for UK Retirees’ the other day. It was pretty depressing. The first point made by presenter David Blanchett, Morningstar’s head of retirement research, related to Bengen’s […]

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HMRC withdraws 6,000 demands for upfront tax payments

HMRC has decided to withdraw 6,000 of its controversial notices that require tax penalties to be paid upfront, the Financial Times reports. Accelerated payment notices were introduced in 2014 as part of a crackdown on tax avoidance and give recipients 90 days to settle up. They allow HMRC to collect money from people it deems […]

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Providers to pay a quarter of advisers’ FSCS bills

Providers will have to contribute 25 per cent of advisers’ Financial Services Compensation Scheme bills, the FCA has ruled today. Despite fierce opposition from some providers, and some advisers arguing that providers should pay up to 50 or 75 per cent in response to the FCA’s consultation, the regulator has decided to go ahead with […]

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