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Simplybiz plan is termed ‘premature’

Threesixty has labelled SimplyBiz’s plan to provide funds to help its members meet higher capital-adequacy requirements as premature. SimplyBiz says it is acting quickly to support the IFA sector.

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Interaction stations

Apparently, the FSA is unhappy at industry reaction to the RDR feedback statement. They appear to be suggesting that by not pleasing any particular sector, they have created an acceptable balance. Evidently, they choose not to consider the other possibility – that such antipathy denotes an awareness that the proposed actions cannot achieve the desired outcomes.

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