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Tenet’s Mike O’Brien takes on regulatory director role

Tenet group brands director Mike O’Brien is taking on the role of group regulatory director after Gill Davidson leaves the business next month. O’Brien joined Tenet in 2009 as RDR programme director. He says: “Mifid II, the Financial Advice Market Review, Brexit and the consolidation of guidance services are but a few of the major […]

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Tenet warns on cost of Mifid II to networks

Tenet is concerned networks may face high regulatory fees to pay for Mifid II if new levies treat them as one business rather than many. In a consultation paper released last month the FCA said it planned to recover its costs of implementing Mifid II in 2018 by introducing a levy on the relevant firms’ […]

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An adviser trade body’s “new deal” for IFAs

The last 20 years has seen plenty of regulatory change. Each initiative has expanded the influence, cost and invasiveness of regulators without any demonstrable increase in the protection of consumers. With the number of consumers seeking advice dropping from 23 million to 8 million since the RDR, the Government has tried (and failed) to fill […]

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Govt predicts £7bn tax take from buy-to-let stamp duty

The Government has hiked its profit forecasts for the Stamp Duty Land Tax surcharge by 81 per cent to £7bn, despite admitting being unprepared for the number of deals timed to dodge the extra tax. Documents published as part of the Autumn Statement say the 3 per cent surcharge on buy-to-let and additional properties was […]

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]

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