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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HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]
SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]
Brewin Dolphin has been ranked the preferred DFM in a Money Marketing survey of advisers and paraplanners, well ahead of the next most favoured, Quilter Cheviot. Thirty-three per cent of respondents listed the business as their preferred DFM, followed by 10.2 per cent responding in favour of Quilter Cheviot. LGT Vestra, Brooks Macdonald and Parmenion […]