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Out of context

“While we are talking, one of my colleagues has walked over to my desk and quite unashamedly stolen money from under my nose.”
Hargreaves Lansdown’s Tom McPhail is punished for attempting to balance £50 notes on his top lip

“If it wasn’t for you guys I’d be spending all my money on sweets and prostitutes.”
Comedian Chris Addison thanks the UK fund management industry for losing his money at a recent event

“I have the attention span of a small child or a dog.”
Aegon PR Brian Lewis explains to an MM hack why he left a conversation mid-sentence

“Before you start worrying about cost, they came over here.”
The FSA’s Colin Wilcox pre-empts any questions from delegates at a Defaqto conference about a meeting with the New Zealand regulator


Funding cuts hit review of pensions

The Pensions Regulator has admitted that plans to scrutinise workplace pension regulation with the FSA ahead of automatic enrolment have been hit by Government cuts. In April last year, the regulator confirmed it would face a 25 per cent reduction in its budget over a four-year period as a result of Government-wide attempts to reign […]


Government to launch automatic enrolment TV ads

The Government will run an automatic enrolment TV campaign to raise consumer awareness of the reforms following concerns that the existing adverts have not been effective. In July last year, Money Marketing revealed that the Department for Work and Pensions had secured £11m in additional funding from the Treasury for an awareness campaign. In November, […]


State pension reform proposals delayed

The Government has delayed the publication of a white paper on state pension reform until the autumn as ministers struggle to unravel the complexity of the current system. In April 2011, the Department for Work and Pensions published a green paper outlining plans to introduce a flat-rate state pension worth £140 per week for future […]

Treasury could ease limits on mutuals

The Government says it would consider removing lending and funding restrictions placed on building societies if the sector feels they are too restrictive. Under the Building Societies Act, mutuals must ensure 50 per cent of their funding comes from retail deposits and at least 75 per cent of their lending must be secured on residential […]


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