“FCA appoints six directors”

Jul 7, 2022 | Financial Services

An independent (financial adviser’s) view

This, I guess, is a sign that the regulation of our business is to expand still further. And that so is its cost, paid for by us (as advisers) and so ultimately you as clients. The FCA, as rehearsed many times on these pages, is only part of that cost. There’s the Financial Services Compensation Scheme which has nine directors, the highest paid of whom earns £640k; and the Financial Ombudsman Service (eight, total pay £1.5m). Yes, it’s sad that we need them, a reflection of the number of bad eggs in the business etc. But despite 30 years of this, nothing much seems to have changed, apart from the size and number of NGOs involved. So, time for a reset? Dream on.

Read more here

“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.