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Now ABI to review the effects of regulation

The ABI has commissioned a London Economics-style report questioning the

double whammy of FSA and Government regulation on competition and savings

levels which will now form part of its Sandler review response.

The report, by international financial services specialist Oliver Wyman &

Company on The Future of Regulation, will also examine the role that

face-to-face advice has on encouraging individuals to save.

Senior industry sources say the research was commissioned before the

Sandler review as a reaction to “regulatory and review overload” and aimed

to provide empirical evidence on whether double regulation by the FSA

coupled with Government Catmarking delivers any consumer benefit.

ABI head of life insurance Francis McGee says: “The ABI has commissioned

some work to look into some of the issues Sandler has raised as well as

others which may be affecting the savings market, such as the effect of FSA

regulation and the regulation of financial products by Government. Part of

the research will be assessing the contribution financial advice makes to

savings behaviour.”


Super-ethical fund for Islamic community

Indian financial services group Parsoli has teamed up with Gerrard andCity Financial to offer a super-ethical fund targeted at the UK Islamiccommunity. The Parsoli global Islamic equity fund will invest in blue-chipcompanies across the globe which do not make their returns from fixedinterest, gaming or gambling, the manufacture of pig or pork products oralcohol. The […]

The Exchange rates ASU

The Exchange has unveiled an accident, sickness and unemployment mortgage protection plan called the standard easi protect plan that is available to IFAs who use its internet service.The plan is aimed at homeowners who want to protect their monthly mortgage repayments in case they are off work because of illness or injury, or if they […]

Rothschild appoints three to sales and broker support

Rothschild Asset Management has made three additions to its UK intermediary sales and broker support teams.Neil Kerry, who joins from Scottish Value Management, will take responsibility for discretionary and intermediary relationships in northern England, Scotland and Northern Ireland. While Shane O’Neill, who will be joining RAM from Gartmore in October, will be responsible for the […]

Skipton revamps arm for sub-prime sector

Skipton Building Society is to become the latest mainstream mortgageprovider to enter the sub-prime market by transforming a subsidiary intoits specialist lending arm. The UK&#39s sixth-biggest mutual is planning to launch a range of low tomedium-risk sub-prime products this week through subsidiary SkiptonMortgages, which previously focused on acquiring the mortgage books ofrival lenders. In a […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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