View more on these topics

Redwood says revenge is riding roughshod over regulation

Former Cabinet minister John Redwood says “wrongful and vengeful Government policies”

are overriding regulationSpeaking at his economic competitiveness group fringe event, Redwood said Chan- cellor Gordon Brown’s raid on pension funds shows that sensible Government policy rather than overbearing regulation is required to govern the industry and ensure consumer protection.

Redwood said the decline in pension funds since 1997 proves that heavy regulation does not necessarily provide consumer protection. He said pensions has been one of the most heavily regulated industries but regulation could do nothing in the face of Gov- ernment policies.

The MP for Wokingham said there was no conflict between ensuring consumer protection and promoting business and his economic comp- etitiveness group will aim to promote consumer choice.

The group will produce a report for Tory leader David Cameron next summer and part of its work includes examining how to ease the regulatory burden on advisers.

Redwood said: “Brown’s raid on pensions shows that regulation on its own is not the answer. What we need is a Government on the side of the consumer and the saver rather than more regulation.”


Cazenove lines up multi-asset web seminar

Cazenove Capital Management is to host Asset TV’s first live, interactive multi-asset web seminar for advisers. The seminar on November 15 will feature five specialist fund managers, who all run portfolios held by the Cazenove multi-manager diversity fund, discussing the outlook for their respective asset class. Advisers can register and send in questions for the […]

Osborne exorcises Nimbys

The FSA’s move towards principle-based regulation echoes Tory leader David Cameron’s calls for shared responsibility and should be welcomed, says Shadow Treasury Financial Secretary Mark Hoban. He said principle-based regulation gives businesses the freedom they need to meet the demands of the FSA. Hoban said that firms must make their own decisions about how they […]

The easy option

Many years ago, a good friend of mine became very seriously ill and had to take time off work. His employer’s sick scheme was a decent one but months ticked away and it became obvious that although his illness was not life-threatening, it would be impossible for my friend to return to work in the near future, perhaps for years.

Compulsive viewing

The Government needs to pay a decent pension out of general taxation


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm