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Watchdogs to be combined

The Government is planning to combine its five consumer bodies into one in a bid to improve consumer protection. The Financial Services Consumer Panel, National Consumer Council, Energywatch, Postwatch and Ofcom Consumer Panel will be called Consumer Direct and is currently being rolled out across the country.

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FSA to streamline anti-money laundering rules

The FSA is planning to streamline its anti-money laundering requirements as it simplifies the FSA Handbook in March.It will remove the detailed rules on anti-money laundering controls in their entirety, replacing them with high level requirements for firms to put their own risk-based controls in place. The initiative hopes firms will target resources on activities […]

The statutory funding objective will make or break db schemes says NAPF

The Pensions Regulators new statutory funding objective must be flexible and pragmatic enough to reflect the long term nature of pension scheme funding according to the National Association of Pension Funds .In its response to the Pensions Regulators consultation on scheme funding, the NAPF says the objective will be a major factor as to whether […]

Peter Sprung

Park Row’s chief executive is a keen proponent of personal development and he is aiming to use that enthusiasm to achieve ambitious goals for the newly merged company. Interview by Samantha Shaw.

Firms are fleeing abroad to escape regulator

The Government has admit- ted that its moves to regulate claim management comp- anies are under threat from firms moving offshore and even just to Scotland. Investigations by the Claims Standards Council have found at least nine claim-chasers operating in Fuengirola on Spain’s Costa del Sol and another com- pany in South Africa. The House […]

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