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Tory Govt would ease burden of regulation

The next Conservative Government would make the FSA more accountable to Parliament and relax the level of regulation centred on the financial services industry.

It would create a House of Lords committee responsible for vetting regulation which is viewed as too much of a burden on business.

Tory Shadow trade and industry secretary David Heath- coat-Amory says the party would establish an independent commission made up of industry experts to decide what areas of regulation need to be reviewed or scrapped.

Heathcoat-Amory says: “The FSA is a good example of a regulatory body where there needs to be more Parliamentary scrutiny. Most of the new Financial Services and Markets Act is being passed through secondary legislation where there is little or no debate.”


Pru cuts terminal bonus rates

Prudential has cut terminal bonus rates on its Prudence Bond and personal pensions. Terminal rates for both are down 0.25 per cent to 4.5 per cent and 5 per cent respectively. A total of £2.8bn will be added to policies in the UK with-profits funds. On a 20 year personal pension policy the payout will […]

Financial services sector slow to adopt new technology

Financial services companies are trailing behind the retail, utilities and telecommunications sectors in their acceptance of the internet as a business tool says a new survey from the Confederation of British Industry and KPMG Consulting. While 47 per cent of the other sectors are considered e-pioneers meaning they are leading the charge in using the […]

Will Chancellor lick stamp duty?

Autif would like to see Chancellor Gordon Brown relax stamp duty on share transactions within funds of funds. This type of savings vehicle is hit twice by the levy, which does not make any sense. Both the main fund and the funds it invests in are taxed the 0.5 per cent duty when purchases take […]

Juliaan Gibbs

The ideal investment is one that gives high potential growth or income with a guaranteed return. Credit Suisse First Boston has pioneered an investment for institutions which should achieve this objective. It invests in a portfolio of hedge funds and fixed-interest securities and gives a guaranteed return of the original capital invested after a number […]

Nobody expects the Spanish Inquisition

Paul Fidell, Head of Business Development (Investments), writes about one of the primary challenges for those involved in estate planning. He looks at dealing with investment uncertainty in these low growth, low inflation but still volatile investment conditions. Protection of capital, to leave something for beneficiaries, is a fundamental objective of many people’s plans for […]


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