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Out of Context

OOC Garnier

“I’m planning to be a traffic warden when I retire.”

Conservative MP Mark Garnier jokes about his next unpopular job after working as an investment banker and politician.

“Can my honourable friend explain the origin of ‘fandabbydosey’?”

Shadow pensions minister Gregg McClymont does not shirk tough questions during a debate on reforms to the state pension.

“How quickly can you re-register a stuffed parrot?”

Origo MD Paul Pettitt on esoteric investments.

“People must have thought, ‘good they have finally caught him’.”

Chartwell Funding managing director Robert Winfield after his picture appeared next to a story on a £1m broker fine.

“The first piece of business we had to do was an in-specie Sipp transfer, in drawdown. We started off by shooting the IFA.”

Nucleus chief executive David Ferguson was not enthused at the first investment on his platform.

OOC Garnier


Capital Economics: UK on the brink of ‘strong comeback’

Macroeconomic forecasting consultancy Capital Economics has issued a positive outlook for the UK, highlighting the potential for a period of “strong catch-up growth”. In its quarterly review of the UK economy, the group says the country could be on the brink of a strong comeback after the challenges of the coming year or two are […]


Friends Life launches retirement income planning tool

Friends Life has launched a new online tool designed to help employees understand their potential retirement income and the level of investment risk they are taking. The provider says the ‘eValuate’ tool has been developed to encourage savers to engage with their pension plans and take responsibility for funding their retirement. It includes a stochastic […]


Tory minister: FCA faces ‘daunting’ task not to stifle innovation

Cabinet minister without portfolio Oliver Letwin says the Financial Conduct Authority faces a “daunting” task to regulate the industry without stifling innovation. Speaking at the Association of British Insurers’ biennial conference today, Letwin said it is “very difficult ” to strike the right balance between the two and a “never-ending” battle for the regulator. The […]

FSCS stress tests how it would cope with insurer failure

The Financial Services Compensation Scheme has carried out a stress test exercise to see how it would cope with the collapse of a life office. In its annual report for 2012/13, published last week, the FSCS said it carried out a simulation exercise in September to test how the organisation would react in the event […]


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