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New non-exec for regulator&#39s board

The FSA has appointed Hugh Stevenson, chairman of Equitas and of Merchants Trust, as a non-executive director to its board. He will be on the board from June 1 for a three-year term. Stevenson was previously chairman of Mercury Asset Management Group, and prior to that was SG Warburgs managing director.

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Independent view

Prime Minister Tony Blair recently announced a reverse gear change and wants to offer us a referendum on the European Union constitution. I am too old in the tooth to take this promise as anything but a political move. It is at times like this that your mind becomes more concentrated on the whole EU […]

Pink extends BTL loan

Pink Home Loans has extended the expiry date on the buy-to-let mortgage funded by Royal Bank of Scotland.The loan, which allows the purchase of up to five properties, offers a rate of 4.79 per cent from June 1 with the £150 discount extended until August 1 2006.The total portfolio limit is £2.5m with no redemption […]

FSA introduces new rule on endowment complaint time-barring

The FSA is changing its rules to require firms explicitly to warn endowment policyholders who have a high risk of shortfall of the date that their right to make a complaint about the sale of the policy expires. Endowment policyholders have three years to complain once they have received their first &#39red letter&#39 notifying them […]

Spouse approval is urged for single-life annuities

Spouses could be forced to get written consent from their partners before buying single-life annuities under a rule change called for by the Equal Opportunities Commission and Age Concern. An EOC-sponsored amendment to the Pensions Bill was withdrawn by Labour MP Vera Baird last week after the Government said it would look at ways of […]

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