Regulation

The Treasury Select Committee (TSC) is to appoint specialist advisers to oversee the drafting of a report by the Financial Services Authority (FSA) into the failure of HBOS.

Panacea chief executive Derek Bradley has written to business minister Michael Fallon urging him to consider the financial services sector in his radical new deregulation plan.

A Conservative peer has urged the coalition to cut the Capital Gains Taxes (CGT), arguing it discourages savings and investment and drives funds away from assets with high returns.

The Financial Services Authority (FSA) is urging firms to consider their professional indemnity insurance (PII) situation and client communications ahead of Retail Distribution Review (RDR) implementation.

HARDY HAR HAR

CRUNCH TIME

YOU'RE WORTH IT

AUTO-IGNORANCE

Axa Wealth has confirmed it will not retain any commission on advised top-ups after the Retail Distribution Review (RDR), insisting charges will be reduced for clients.

The Financial Services Authority (FSA) has banned former HBOS executive Peter Cummings and fined him £500,000 for failings within the company's corporate division.