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FCA backs asset manager calls for ‘systemic risk’ rethink

The FCA says “big questions” need to be asked before asset managers can be branded as systemically important, following a consultation paper on the designation from the FSB. Martin Wheatley, chief executive of the UK regulator, says asset managers should not be singled out and more thought needs to be put into the system, reports […]

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UK GDP up to 0.4% in April

UK GDP grew by 0.4 per cent in the three months to April compared to 0.3 per cent growth in the three months ending in March 2015, according to the National Institute of Economic and Social Research. The think-tank says it expects “the slight softening” of GDP growth experienced in the first quarter of this […]

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FCA orders past business review into Gallagher parent

The FCA has ordered a skilled persons report to be carried out into the parent company of Gallagher Employee Benefits. Skilled persons reports, also known as section 166 reports, investigate weaknesses in a firm. The regulator orders these to be carried out by an independent third party where it has concerns, and the firm has […]

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Kim North: Consumer champion vacancy to fill

As many of you may be, I was disappointed that Steve Webb and Vince Cable both lost their seats in the general election, not due to my political leaning but the knowledge they had spent years dealing with financial services. This is a time of unprecedented change for pensions so new ministers could take months […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]

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