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Jersey calls for terrorist financing controls

Jersey has brought in anti-terrorist legislation almost identical to that introduced in the City in recent weeks and is moving to adopt the UN Convention for the Suppression of Terrorist Financing as soon as its domestic law has been amended.

Jersey Finance chief executive Phil Austin says: “We are calling on all jurisdictions both onshore and offshore to examine their regulations against financial crime and, where necessary, improve them as a matter of urgency.”


Fund bodies developing new trading costs code

A new disclosure code on trading costs for fund managers is being developed jointly by the National Association of Pension Funds and the Fund Managers’ Association.The code will build on the ten sample questions devised by Paul Myners concerning commissions and other costs that pension scheme trustees are required to ask their fund managers.NAPF’s Investment […]

Outside edge

It has been quite hilarious to witness the reaction to last week&#39s suggestion that the charging cap on stakeholder pension may be altered from 1 per cent. It has been remarkable to see providers get so excited that you would think such an approach would rem-ove them from the hole in which many find themselves.Do […]

Survey reveals reasons for people shunning pensions

Only 10 per cent of adults expect to be able to live on the state pension but 39 per cent have made no additional provision for their retirement, according to research from HSBC.The bank surveyed 1,004 UK adults in August and its research reveals that 63 per cent expect the state pension to be worth […]

Biggest fine as PIA finally tackles Pru

The pension review has caught up with Prudential, with the PIA imposing its biggest review fine yet of £650,000 on the company for review failings.Pru notoriously escaped a fine for pension misselling by remaining directly regulated by SIB until April 1998. SIB did not have powers to levy fines.Pru has reviewed 153,000 cases and still […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


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