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‘Tragic’ lesson

US treasury secretary Tim Geithner says the “tragic” ending to the UK’s experiment with light-touch regulation should be a warning to countries overhauling their regulatory regimes.

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FSA to amend adviser charging rules

The FSA is proposing to change its adviser charging rules so that clients can cancel an ongoing advice service without having to withdraw their investments. Guidance in the FSA’s Conduct of Business Sourcebook which comes into force on December 31, 2012 requires advisers to inform the client about how they can cancel ongoing advice charges […]

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