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Paul Myners
Former financial services secretary Lord Myners has called for a review into the minimum capital requirements for IFAs not holding client money.
The FSA will step in to "police" the banking sector, but has doubts over whether it can actually change its culture.
Lord Myners has accused excessive bonuses of ruining British pension funds.
Other Paul Myners articles
Lord Myners, the City minister, has called for an independent review into the investment banking industry which has "permeated so many corners of society".
Royal Bank of Scotland and Lloyds Banking Group have been accused of forcing cash-strapped firms to use their investment banking services as a condition of lending, according to Reuters.
The Government may not meet its April 2012 deadline for personal accounts, says CEO of the Personal Accounts Delivery Authority (PADA) Tim Jones.
Standard Life has hit out at the involvement of the Personal Accounts Delivery Authority (PADA) in deciding which pension schemes will be exempt from the 2012 personal accounts launch.
Mutual life office directors should be required to follow the same Combined Code of Corporate Governance as listed companies and provide even greater voting rights when seeking to act in the best interests of members, says the latest report from Paul Myners.
WHILE THE NATION’S media is firmly fixed on the Butler report, the Guardian’s business pages reveal senior civil servants, judges and MPs will escape the proposed higher pension tax on any contributions over £1.5m which could lead to accusations of ‘feather-bedding.
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