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NPSS unfair for many, say LibDems

The Liberal Democrats say personal accounts are “fatally flawed” as long as mass means-testing remains part of the benefit system and suggest that for many individuals the scheme will be inappropriate and unfair.


Duffin leaves Royal London due to restructure

Royal London executive director Brian Duffin has announced he will be leaving the Group at the end of March 2007 as part of a reorganisation of the business. The Group has created a new IFA division and appointed John Deane from Old Mutual who will join in April 2007. Deane will have overall responsibility for […]

FSA warns ‘significant minority’ over interest-only mortgages

The FSA has warned of the potential dangers for a ‘significant minority’ of consumers taking out interest-only mortgages without robust repayment strategies in place.The note of caution follows research conducted by the regulator to test how borrowers who have taken out such a mortgage intend to repay it and the extent to which these consumers […]

EU compliance burden hits one trillion euros

The compliance burden across the European Union has reached an estimated one trillion euros a year, according to the European Insurance and Reinsurance Federation.CER acting director general Eric Fischer says the increased compliance costs and bureaucracy – with more than 30 insurance-related legislative, regulatory and supervisory bodies at EU and international level – is putting […]

Careless U-turns

The Treasury is steering through reforms without considering where it is going


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