Transparency in charges a long way off
Published in FTfm, 30th October 2006 (Pauline Skypala: on our business model)
read more News by Stuart FowlerPublished in FTfm, 30th October 2006 (Pauline Skypala: on our business model)
read more News by Stuart FowlerSo says Pauline Skypala of the FT in a nice article about No Monkey Business today
read more Commentary by Stuart FowlerFTfm editor Pauline Skypala reports in today’s weekly review of the fund management industry that indpendent consultants Oxera have supported (in a report out later this week) the Association of British Insurers’ claims that an industry-led model for the new National Pensions Savings Scheme will not have higher costs than the centralised model (with competition by contract bids) favoured by the Turner Commission.
read more Commentary by Stuart FowlerThe FT and AMRO Asset Management launched a competition in the summer for the dream savings product. The winning entry, in the spirit of the challenge, was a simple rounding-up scheme at the supermarket till: cash added instead of cash back.
Chris Drew and I, as creators of the ‘Lambda’ long term asset model, had a [...]
Thursday’s despatch box spat between Brown and Osborne (the ‘effing’ word, thrown papers) was prompted by John Redwood daring to suggest (as part of his deregulation thought-leading role in the Conservative Party) that financial services consumers might be better off with lighter regulation or even an opt-out for riskier products. The Chancellor’s reposte was typical despatch box posturing: the Tories plan to abolish all consumer protection on pensions, mortgages, insurance and credit cards.
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