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Treasury review will see FSA handbook re-written

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.



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.

Investment view

The is a dangerous degree of consensus among investment houses over expectations for 2005.

Out of context

“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 […]

What triggers the MPAA?

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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