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Misys supports abolition of polarisation

Misys supports the complete abolition of polarisation but is warning the FSA that the defied payment system is unworkable and impossible to police.

It warns CP121 will restrict access to financial products rather than accomplishing its stated objective of opening the market up to consumers.

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If ever there was a regulator intent on meddling with things which are neither broken nor in need of fixing, then surely it must be the FSA.I refer, of course, to the latest unhealthy and unwarranted interest being shown in Pep and Isa transfers, not to mention the continuing obsession with the validity of past […]

Cazalet slams FSA &#39threat&#39 on Equitable

Influential analyst Ned Cazalet says he could soon rate Equitable Life insolvent and has attacked the FSA for using scare tactics to stop IFAs advi-sing clients to transfer out of the troubled life office last year.Equitable is suing 15 exdirectors, including Christopher Headdon, John Sclater and Alan Nash, and is also suing former auditors Ernst […]

&#39Inequitable&#39 proposals are blasted by Bankhall

Bankhall has branded the FSA&#39s defined-payment system as pointless and confusing in its formal response to the FSA&#39s consultation paper on polarisation.The IFA services provider argues there is little need to change the way that IFAs operate and that the current commission disclosure regime introduced in 1995 means consumers are made aware of the cost […]

FSA, Treasury and Bank of England launch joint website

The FSA, Bank of England and Treasury have launched a joint website providing information on continuity in financial services in the event of an industry wide or local emergency. The three authorities have been working together with other public and private sector bodies to help co-ordinate business continuity within the sector. The FSA says September […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]

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