Banks win ringfencing concession

The retail ringfencing programme for banks is to be less rigorous than feared following changes to the rules. The Bank of England laid out the policy shift yesterday, which will allow ringfenced institutions to pay dividends back to their parent group. The programme, which was originally devised as a way to safeguard retail deposits in […]

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Treasury mandarins in running to replace FCA’s Wheatley

Two senior Treasury mandarins are in the running to replace Martin Wheatley at the helm of the FCA, Money Marketing understands. Treasury second permanent secretary John Kingman and director general of financial services Charles Roxburgh are on the shortlist for the role, sources say. Kingman was the first chief executive of UK Financial Investments, set […]


Industry bosses on financial advice review panel revealed

The expert panel advising the Treasury and FCA’s Financial Advice Market Review has been revealed. Industry bosses including Aviva chief executive Andy Briggs and Intrinsic chief executive Richard Freeman will sit on the panel, alongside a number of consumer group representatives. These include Financial Services Consumer Panel chair Sue Lewis, Citizens Advice Bureau chief executive […]

The unconventional becomes the norm

Caspar Rock, Chief Investment Officer, and Richard Jeffrey, Chief Economist, review the state of the economic landscape. It started with an unconventional recession, one that emanated from a near collapse in the financial system but which, in some larger economies, resulted in a comparatively modest increase in unemployment. Then we had unconventional monetary policy, encompassing […]


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