Citigroup has appointed former US Treasury secretary Robert Rubin as chairman and former Schroders chief Sir Win Bischoff as temporary chief executive following the resignation of Charles Prince III. Citigroup says it must write down an extra $8bn-$11bn in leveraged and sub-prime loans.
The Competition Commission has published a consultation document inviting feedback on its views of competition in the payment protection insurance industry in the UK.
Adviser firms must up their pace of progress in embedding Treating Customers Fairly if they are to meet next year’s deadlines, warns the FSA.
Pensions minister Mike O’Brien says legislation will be drawn up to allow Pension Protection Fund compensation to be shared in divorce settlements.
Almost a quarter of landlords plan to expand their property portfolios over the next five years, says the National Landlords Association. Research by the NLA says 23.4 per cent of landlords plan to grow their holdings, while nearly 60 per cent say theirs will remain unchanged during that same period. Fewer than 18 per cent […]
For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]