View more on these topics

‘Spirit of the RDR’ regulation risks uncertainty

Mentel-Lothar-Tatton-2013 700 x 450.jpg
Tatton chief investment officer Lothar Mentel

Judgements made by the Financial Conduct Authority on whether firms’ behaviour is within the “spirit of the RDR” risks creating regulatory uncertainty, says Tatton Investment Management.

The fund management arm of Paradigm Partners is concerned the FCA will follow its predecessor the FSA in making judgements according to whether conduct fits in with the principles behind the RDR.

Speaking at a Perspective roundtable in London last week, Tatton chief investment officer and former Octopus Investments chief investment officer Lothar Mentel said: “One point that is crucial for the future is more regulatory certainty. I sense real uncertainty at the moment.

“It is the regulator that will decide whether something is within the spirit of the rules or not. That to me is not very conducive to better regulation, and not a framework on which you can rely.”

Ad Valorem Wealth Management managing director Derek Baptist said: “What we need is stable legislation, while the Government takes the time to address the long-term issue of how to bring products like pensions into the modern world.”



CBI: UK economy ‘moving from flat to growth’

The Confederation of British Industry is expecting the UK economy to continue to grow this year and expand by 2 per cent in 2014, according to its latest economic forecast. GDP growth is expected to be 1 per cent in 2013, with a gradual increase at a quarterly rate – climbing from 0.3 per cent […]

Service companies need to improve their support for advisers

With increasing numbers of advisers being cut adrift by high street banks, HSBC recently joined Santander in announcing major cuts to services and departments, the loss of many thousands of years’ experience is one of the biggest threats facing the industry. Ernst & Young also predicts adviser numbers will drop from over 30,000 to just […]

Melton Mowbray opens up 95% LTV range to all homebuyers

Melton Mowbray Building Society has extended its 95 per cent LTV range to include all house purchasers. The products were previously only available to first-time buyers. Rates, which include a three-year fixed rate of 5.49 per cent, remain unchanged but the lending criteria has been loosened so that all purchasers, including shared ownership borrowers, will […]


Labour examines single pensions regulator proposal in policy review

Labour is examining whether a single pensions regulator is needed to lower charges and boost governance in occupational schemes as part of its policy review. The future of pensions regulation has been under close scrutiny in recent months. In February, the work and pensions select committee called on the Government to hand regulatory power to […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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