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Treasury issues results of two-year FSMA review

The Treasury has published its two- year review of the Financial Services and Markets Act and proposed changes to secondary legislation. The report is divided into three between an assessment of the FSMA on competition in financial services, secondly the possible changes to the Financial Ombudsman Service and thirdly changes to the boundaries of regulation.


Independent view

Around 7,000 people of 66 nationalities with seven simultaneous language translations all thrown together near to Disneyland sounds like a UN conference on weapons of mass destruction. In Anaheim, Los Angeles, there will be an event in June that will certainly change people&#39s lives around the world. I am referring to the 77th annual meeting […]

Bankhall signs Paymentshield deal

Bankhall has signed a deal with mortgage and payment protection insurance provider Paymentshield to provide its 16,500 agents with a compliance and product service.

Menu will not compare fees to the market

IFAs will not have to demonstrate how the fees they charge compare to the market average as they will have for commissions according to the Menu proposals published today. The FSA says that because firms charge fees in a variety of ways it would not be a meaningful comparison to compare their rates to the […]

Suits you, settlor

This week, I will continue my deliberations on the proposals for the reform of the taxation of trusts. During Technical Connection&#39s many years in business, we have made trusts something of a speciality. If we were to open a retail store, the name Trusts-R-Us springs to mind, subject to ensuring that we were not exposed […]


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