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Wells Street Journal: Who’s afraid of The Grey Vampire?

According to a Financial Times report, FCA chief Martin Wheatley has been nicknamed The Grey Vampire by some in the authority.

A quick scan of and you can understand why so many senior insurance execs are using the cloak of anonymity to brief against him in press reports.

“Through beguile and charm, and judicious use of minions, he pulls strings and nothing more.” Sounds about right so far.

“… a vampire does everything in his power to isolate, disable, and strip their prey of power before moving in for the kill. Through spell or brute force, once subjugated you are doomed to have your blood drained whole, to leave no witnesses.”

 The “shoot first ask questions later” speech suddenly starts to make more sense. But beware anyone hoping the man at the top can be chopped.

“In the event of decapitation, or failing to feed in time, a grey vampire enters a state of deathly sleep until a blood-bearing creature passes within
30ft of their prone body. At that point they awaken, crazed, and attack…”

Otto, Tidjane or anyone else looking to take on the undead…. you have been warned. 

Follow the Wells Street Journal on twitter here 


The Technical Quiz: 10 April

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions. Question one What is the current minimum age for a cash Isa? A 7 B 12 C 16 D 18 Question two Graham is a higher rate taxpayer. How much income tax would he save each […]


Barclays tops FCA complaints data again

Barclays has been named the most complained about financial services firm between July and December, with 309,494 complaints over the period and an uphold rate of 66 per cent. The number of complaints received by Barclays is down by 17 per cent compared to the first half of 2013, when it received 370,733 complaints and […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


Govt slashes auto-enrolment opt-out estimate to 15%

The Government has slashed its estimate of automatic enrolment opt-outs from 30 per cent to just 15 per cent over the lifetime of the reforms. The Department for Work and Pensions has today published new research setting out the number of people who have actively chosen not to save into a workplace pension scheme since […]


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