HSBC group chairman Douglas Flint says hiking core tier one capital ratios to 10 per cent will stunt lending. Speaking yesterday to MPs in a Treasury Select Committee looking at the Independent Commission on Banking’s proposals, Flint said even a 1 per cent increase in capital requirements will stop banks from lending billions. He said: […]
US Treasury secretary Tim Geithner says the tragic ending to the UK’s experiment with light touch regulation should serve as a warning to countries currently overhauling their regulatory regimes. According to a report in the Guardian, at a speech at the International Monetary Conference in Atlanta he urged countries to avoid a “race to the […]
Chancellor George Osborne says it is essential that proposed reforms to the state pension age and public sector pensions are completed. Speaking at the launch of the IMF’s report on the UK economy this morning he said calls from the IMF to stand by the reforms have convinced him the need to see them through. […]
Mercer has linked up with The Open Market Annuity Service to offer enhanced annuity terms to members of its workplace savings platform. Tomas will provide a medical underwriting service to the consultant, with members able to answer a series of questions online, by phone, or via a tailored questionnaire to determine whether or not they […]
As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]