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Power-assisted steering at FSA

“The Treasury and FSA have to have a secret agenda in all the proposals. The banks have failed to achieve their targets and have successfully lobbied for a new playing field.” This phrase from Peter French&#39s article last week should be sent to every householder with a copy of Terrence O&#39Halloran&#39s letter. Even Lorna has caught on to the power lobby bancassurers. Does the FSA have an equivalent of the list of MPs&#39 interests at the House of Commons?

Michael Bell Michael Bell Financial Management,

By email


Sun Bank – Hindsight 2 Year Fixed

Fixed term: until 1/3/2004Fixed rate: up to 75% of valuation with an extended tie-in period – 3.24%, up to 90% of valuation with an extended tie-in period – 3.74%, up to 75% of valuation with no extended tie-in period – 4.74%, up to 90% of valuation with no extended tie-in period – 5.24%Minimum loan: £25,001Maximum […]

Surge back into Serps is forecast as rebates plunge

Contracting-out rebates are predicted to fall about £1bn short of the value of staying in Serps, driving millions of workers back in to state provision, according to actuaries William M Mercer.Mercer says the rebate levels for contracting out which are due to come in from April are not high enough to match Serps and estimates […]

AITC won&#39t be splits &#39apologist&#39 as FSA steps into &#39magic circle&#39

The AITC told its members to accept responsibility for the troubles in the split-cap sector this week, warning that it “will not act as an apologist for bad practice”.Speaking at the AITC directors&#39 conference on Tues-day in London, director general Daniel Godfrey criticised the industry for blaming fall-ing markets and negative media coverage for difficul-ties […]

Man Investment Products – Man AP Strategic Series 1

Wednesday 6 February, 2002 Type: Capital guaranteed bond. Aim: Growth by investing in futures and hedge funds. Minimum investment: Lump sum $50,000, Euros 50,000. Place of registration: Bermuda. Investment split: 100 per cent invested in futures and options. Guarantee: At least original capital returned on maturity. Isa link: No. Charges: Annual 3 per cent. Commission: […]


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