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Tiner expected to renew FSA contract

FSA chief executive John Tiner’s three-year contract runs out next month but he is expected to stay for a second three-year term. All directors of the FSA are appointed on three-year contracts except for chairman Callum McCarthy, whose term is five years.

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Lump light

But the report, which is the committee’s response to the Government White Paper on pension proposals, has caused outrage by recommending a review of the tax-free lump sum, which many see as one of the key reasons why people save in pensions. It also recommends a review of higher-rate tax relief.

Proc and a hard place

The idea of lenders paying procuration fees on retained business was aired in public at the mortgage summit in Spain in June. Needless to say, the response from intermediaries was largely one of jubilation and I hardly thought it apt to disturb the euphoria at such an event, where brains were focused on driving business forward.

Control engineering

North was launched a year ago in response to what appeared to be a growing need among intermediaries and small asset management companies within the UK. That need revolved around the outsourcing of the investment management function of their businesses. As director of multi-manager investment at a big UK retail asset management company, this was an arena in which I plied my trade. However, for the bigger intermediary firms, it appeared that the multi-manager approach just was not flexible enough to accommodate the demands of their business model.

Hamptons sold, as it demands exit fee re-think

Hamptons International has been sold to Dubai-based Emaar Properties for 82m. Hamptons, whose brand name and management structure will be unaffected, had previously been owned by Singapore-listed Wheelock Properties.Hamptons International residential development and investment chief executive Jonathan Seal says: Emaars acquisition of Hamptons gives us a tremendously strong platform to replicate our business success within […]

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White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.

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