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Out of context

“But people will think you’re talking about his knickers.”
Sifa managing director Ian Muirhead reveals the reaction to his suggestion to call Sifa’s legal newsletter ’Bushell’s Briefs’ in honour of Sifa legal affairs director Stuart Bushell.

“I have a day job to keep me from warming a park bench.”
Hargreaves Lansdown’s Laith Khalaf politely rejects the chance to write an MM comment article.

“They only have to have eyes for themselves and each other.”
Social Democratic and Labour Party MP Mark Durkan on requirements for the PRA and FCA to minimise regulatory costs.

“Maybe I’ll start hiding my swimming pool…”
Association of Mortgage Intermediaries director Robert Sinclair on the possible introduction of a mansion tax.

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Labour takes aim at Money Advice Service

Shadow Treasury financial secretary Chris Leslie has attacked the executive remuneration at the Money Advice Service and raised questions about its health check and strategy. During a public bill committee meeting yesterday afternoon, Leslie said he was “surprised” by the high pay and bonuses at MAS. Answers to written questions Leslie put to Treasury financial […]

Is it time to throw caution to the wind?

Recent rounds of quantitative easing by the Bank of England and the European Central Bank’s long-term refinancing operations mean the case for a risk-on trade may be growing. With central banks maintaining their use of extraordinary monetary policy to avert recession or, worse, a deflationary spiral, the value of a cautious stance may continue to […]

Schroders chair and CIO to leave

Schroders chairman Michael Miles and chief investment officer Alan Brown are to step down as Schroders reports falls in inflows in 2011, particularly in the intermediary channel. Last week, Schroders reported profits were slightly up last year to £407.3m compared with £406.9m in 2010. There were net outflows of £3.8bn in the intermediary channel compared […]

Regulator dilutes governance plans due to lukewarm industry response

The FSA has watered down proposals to increase governance requirements for with-profits funds after receiving a mixed reaction from the industry. Under the regulator’s original proposals, a with-profits committee would have been required for all with-profits funds except small funds. However, the FSA’s policy statement on protecting with-profits policyholders, published last week, says it dropped […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

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