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Paul Lewis: ‘Advice’ monopoly killed the MAS and will harm savers

“Who gives a_____?” Sorry. I’ll rephrase that for a family audience. “Who gives advice?” That is the question the Government is struggling with. And indeed what is advice? And how can we fill the advice gap without actually giving people, er, advice to fill it? In future Citizens Advice, The Pensions Advisory Service, and the […]

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Osborne ‘may be forced to sell RBS shares at a loss’

Chancellor George Osborne may be forced to sell the public stake in Royal Bank of Scotland at a loss because maintaining its state ownership would be bad for the bank and the economy, the outgoing head of the Treasury says. In an interview with the FT, Sir Nick McPherson said it will be “tricky” for […]

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