The Treasury review of the Financial Services and Markets Act 2000 will see a rewriting of the FSA handbook. The FSA will reduce the size of the handbook whilst retaining consumer safeguards. The regulator will also issue around ten tailored guides to the handbook in the next 12 months similar to the short guides already issued to mortgage and general insurance advisers earlier this year. The FSA handbook website is also being improved and updated to make it easier to use.
Aifa has made the hugely controversial decision to select the architect of depolarisation as its new director general.
Those crazy guys at mortgage packager Bananas are living up to their name bathing in baked beans to raise money for charity. Compliance manager Eddie Parsons had 50 industrial-size cans of beans tipped over his head, raising £250 for Children in Need. The Diary is convinced that compliance has an inherent predilection for torture.
The is a dangerous degree of consensus among investment houses over expectations for 2005.
“He may have hair like Leo Sayer but you can tell there is a tape recorder whirring in that head. Do you think if you press the sideburns, they are the rewind and erase buttons.” – IMA director of regulation, investment and taxation Julie Patterson muses on the Money Marketing editor’s hairstyle and journalistic abilities […]
Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]
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The Government has confirmed that the pensions lifetime allowance will rise in line with inflation, but savers have been offered little else in the Autumn Budget today. The lifetime allowance will increase from £1m to £1,030,000 to match CPI from 2018/19. Though the maximum amount the can be saved each year into a Junior Isa […]
The Government has outlined a raft of measured designed to bring in an additional £160bn from tax cheats. The seven-year plan lists 18 different ways the Government is looking to raise the revenue. These include extending how long HM Revenue and Customs can go back in time to assess non-compliance for offshore tax evaders. Double […]
Chancellor Philip Hammond has announced the Government will today publish a ‘patient capital’ action plan that aims to unlock £20bn of new investment in UK scale-up businesses. A patient review was announced a year ago and was touted as part of the Government’s industrial strategy to increase productivity and drive growth through breaking down the obstacles […]