View more on these topics

Margaret Cole to join PwC

Margaret Cole

FSA conduct business unit managing director and former director of enforcement Margaret Cole is to join PricewaterhouseCoopers later this year.

The Times reports that Cole, who announced she was leaving the FSA last month after nearly seven years with the regulator, will become the senior legal adviser at PwC’s British division and join the executive board.

Cole will be on gardening leave from the end of this month until August 31 before joining PwC.

The Times reports that PwC’s partners received an average profit share of £763,000 last year with board members earning substantially more.



Think tank slams “fundamentally flawed” loan guarantee scheme

The Government’s small business loan guarantee scheme is too small to boost lending and risks repeating mistakes made in the years before the financial crisis, according to the Institute of Economic Affairs. Announced at the Autumn Statement last November, Chancellor George Osborne launched the scheme which provides £20bn of backing for banks’ SME lending this […]

MPC split over QE increase

The Bank of England’s monetary policy committee were split 7-2 over whether to increase the size of its quantitative easing programme earlier this month. The minutes from March’s meeting show that of the nine members which make up the committee, David Miles and Adam Posen voted to increase the size of the programme by £25bn […]


Standard auto-enrol tool to simplify compliance

Standard Life says its automatic enrolment offering will include an integrated tool which will simplify the compliance process for employers. Last week, Standard confirmed details of its auto-enrolment offering after posting a 6 per cent fall in operating profit last year to £220m from £234m in 2010. Speaking to Money Marketing, Standard Life UK chief […]


Chris Dineen leaves Openwork

Openwork annuity consultant Chris Dineen has left his role at the network’s IFA arm, Openwork Market Solutions. Openwork refused to confirm the reason Dineen’s departure. However, Dineen recently accused enhanced annuity specialist Partnership of “cynically buying distribution” and “dumbing down” the advice process ahead of the RDR in a LinkedIn discussion forum. OMS is running […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


News and expert analysis straight to your inbox

Sign up


There are 4 comments at the moment, we would love to hear your opinion too.

  1. I think it is now time for a serious investigation into the revolving doors between the FSA and PWC.

    These people are taking the pi55.

  2. I wonder if PWC checked if she knows what “Toxic” means.

  3. Quelle suprise!

  4. I realise it may be a constraint of trade, but why cant there be a moritorium of say 2 years before this kind of disreputable behaviour can occur. As it is currently, Ms Cole can be poached by PWC or others when she is still in office. They then tell her to resign and claim her 6 months gardening leave money, then, when the gardening leave is over, work for us with an undisclosed golden hullo.
    Why should she and Hector get any gardening leave pay? If there is a moritorium on working for related companies for 6 months, do not pay them, or allow other companies to pay either.
    So we now know that Hector will turn up somewhere in 6 months time. And to think the FSA lectures US on ethics!

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm