Treasury

The FSA is proposing advice firms contribute 2% less to the regulator's funding next year, a cut of £53 per adviser.

Mark Hoban has dismissed calls for a cross-party group of MPs to have the power of veto over who gets the top job at the powerful new Consumer Protection and Markets Authority (CPMA).

The Serious Fraud Office (SFO) could be merged with a proposed National Crime Agency (NCA) as ministers target corporate corruption and fraud gangs which cost the UK £30bn a year.

The Treasury has confirmed it will remove the potential unauthorized payment charge for people using drawdown caught by changes to the new normal minimum pension age (NMPA).

An extra £4bn could have been extracted from the bailed out banks for their use of the government's toxic loans insurance scheme, the spending watchdog will say today.

The current timescale for new income drawdown rules to come into effect will make no sense to advisers and their clients, according to A J Bell marketing director Billy Mackay.

RBS has blocked the FSA from publishing a report into the circumstances leading to its taxpayer bailout.

Baroness Sarah Hogg, senior adviser to the FSA, will join the board of the Treasury today along with as many as 40 new directors.

Access to new flexible drawdown pensions will be restricted to people with a lifetime pension income of a minimum of £20,000 a year, the Treasury says.

The Treasury has banned groups of companies from using intra-group loans or derivatives to reduce their tax bills, as part of a widespread clampdown on business tax avoidance.