View more on these topics

Tiner links up with Duffield

Former FSA chief executive John Tiner has joined New Star as a non-executive director.

Tiner left the FSA last summer on six months gardening leave with a £325,000 payout.

New Star chairman John Duffield and Tiner worked together as part of industry efforts to find a solution to the split-cap investment trust debacle in 2004.

Tiner headed the FSA’s investigation while Duffield led the industry in negotiations with investors, who finally received £194m in compensation.

Before becoming FSA chief executive in September 2003, Tiner held the post of managing director of consumer, insurance and investment business since 2001.

He has recently been chosen by the Conservatives to work on their review of regulation.

Informed Choice managing director Martin Bamford says: “He is someone in the right position to add value to the firm. He will also offer great insight on the changing retail distribution market from the FSA’s own standpoint.”

A moneymarketing.co.uk online poll shows that only 31 per cent of advisers believe New Star is right to appoint Tiner.

Recommended

FTB tax relief could distort the market

The Government should not offer mortgage tax relief for first-time buyers as it would distort the market, according to the Great Housing Market Debate panel.Speaking last week in London in the debate sponsored by Hometrack, Nationwide chief economist Fionnuala Earley said: “I think it it very difficult to say you should favour one group of […]

Testing times for Mint

Mint Financial Services has adopted a web-based testing tool from software provider The Coaching Platform in order to help it cope with the demands of the retail distribution review.The TestMeOnline software will generate predefined and firm-specific tests and reference material for the company’s staff.Mint operations director Stephen Atwell says: “The RDR is forcing us to […]

Higher cash levels won’t cut misselling

Only one in five advisers think the introduction of increased capital adequacy levels will reduce misselling with the majority believing it will have no impact.The survey found the strongest supporters of increased levels are the top-earning advisers and those with a heavy reliance on fee-based income.Of those with a heavy reliance on fee-based income, 31 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment