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Tiner joins the FSA as IFA chief

The Treasury has appointed two new board members for the FSA, including the new IFA supremo, John Tiner.

Tiner joins as managing director of the consumer, investment & insurance directorate with direct responsibility for IFAs from consultancy Arthur Andersen where he was head of the worldwide financial services practice.

Carol Sergeant will take over from Philip Thorpe as managing director of the regulatory process and risk directorate. Sergeant has been heading the FSA&#39s reorganisation. Her new role puts her in charge of the risk-based approach to regulation to be adopted after N2. Both appointments take effect from June 1.

FSA chairman Howard Davies says: “I am delighted to welcome John Tiner to the FSA. His extensive experience of financial regulation in the UK and overseas will add considerable strength to our top management.”


Bank of England cuts rate by 0.25 per cent

The Bank of England monetary policy committee today cut its base rate by 0.25 per cent to 5.5 per cent. The cut was widely expected by the markets against a background of fears over the US economy. The Bank of England last cut rates in February, also by 0.25 per cent.Nationwide and HSBC say they […]

NewWorld aids landlords

Commonwealth Bank of Australia&#39s UK subsidiary NewWorld is offering a flexible buy to let loan which it says strikes a blow for landlords in the mortgage war. The aim is to offer landlords a deal on a par with those available to owner-occupiers. NewWorld&#39s loan has an initial interest rate of 4.95 per cent for […]

Labour&#39s election manifesto to back mutuality

Labour&#39s election manifesto is likely to give a major boost to the mutual life office and building society sector with a general commitment to mutuality. Labour MP and chairman of the all-party building societies and financial mutuals group Andrew Love says he has been privately assured by senior Labour party officials that there will be […]

Fidelity stretches its Isa lead

Fidelity looks set to retain its Isa season sales title convincingly as this year&#39s likely winners and losers are revealed in a new IFA poll.The Keydata survey, which polled 4,000 IFAs, reveals ABN Amro as the unexpected second-placed provider following strong performance from Nigel Thomas&#39s UK growth fund and the launch of a UK select […]

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article


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