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Satchell hails Tiner’s reign

ABI chairman Keith Satchell has paid tribute to outgoing FSA chief executive John Tiner, saying he has turned the UK regulatory system into “one which is the envy of much of the rest of the world”.

At the ABI conference, he said the FSA’s determination to move to principle-based regulation had given the industry the opportunity to raise its game. But he expressed fears that “events might knock us off course” and said it was vital, for example, that the Financial Ombudsman Service does not become an alternative source of detailed regulation.

Satchell, who is due to step down as chairman shortly, said the Government and Parliament should not be tempted to move into the space that principle-based regulation is opening up.

He called for more support from for the move to principles from consumer groups which, he argued, have too often called for more rules as the answer to every problem.

Satchell also called for more support for the principle approach across the EU and said too many retail directives have added to burdens and should be reviewed.

He said: “This is the moment for the lawmakers in the EU to take a significant step forward by taking a step back.”


Nil-rate band is alive and well

Peter French’s letter (Money Marketing, May 10) seems, to me at least, to be overly pessimistic. Every individual liable to inheritance tax has a nil-rate band and the first step in any planning should be to ensure it is not wasted.

The heart of the matter

As a relatively new business, we have watched the launch of wrap propositions with interest and just before Christmas began a fact-find exercise followed by detailed due diligence on our short list of wrap providers.Our core values are based on transparency, trust and value for money, so the two key elements of the benchmarking had […]

Tech IPOs: The outlook in 2017

Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]


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