Justin Cash

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US regulator could become next Bank of England chief

Former US Commodity Futures Trading Commission chairman Christopher Giancarlo may be eyeing up the top job at the Bank of England, according to reports. With incumbent governor Mark Carney’s term due to come to an end at the beginning of 2020 after an extension to support a smooth Brexit process, potential candidates are lining up […]

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Investec co-founders to step down in August

Investec has confirmed that co-founders Stephen Koseff and Bernard Kantor will be leaving the firm in August. As part of succession plans announced last year, Investec says in an update today that Koseff and Kantor will not seek re-election to the board and will accordingly step down as executive directors with effect from 08 August […]

Intrinsic fee error draws adviser frustration

A fee error at the Intrinsic network has left some firms without the correct payments to its advisers, Money Marketing has learned. Money Marketing understands that while the network passed back all fees earned to advice firms, a processing issue last month meant that the correct amount was not allocated to each adviser. An email dated 15 May […]

FCA warns insurance firms over value for money

Insurers’ manufacturing, sales and distribution approaches can lead customers to buy inappropriate products, pay excessive prices, or receive poor service, the FCA has warned. In a paper this morning, the FCA highlights that distribution chains can involve multiple parties and, because of the way each is paid, consumers end up paying a higher price – as […]

How to devise a Christmas incentives strategy

Woodford-backed Provident slammed for advertising rule breach

Credit provider Provident, noted for its staunch support from star manager Neil Woodford, has been told not to publish a Christmas advert again over fears it put “emotional pressure” on consumers to take out short-term loans. The company, which offers online loans, credit cards and vehicle finance, made up around 5 per cent of both Woodford’s […]

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SJP chairman takes non-exec role at Leeds BS

St James’s Place chairman Iain Cornish has taken up a role as a non-executive director at Leeds Building Society. A stock exchange notice shows that Cornish was appointed to the position on Friday. Last month, SJP announced that current chair Sarah Bates would be stepping down with Cornish, who chaired the firm’s risk committee, taking […]

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Citizens Advice launches ‘super-complaint’ over longstanding customer treatment

Charity network Citizens Advice has lodged a ‘super-complaint’ with the Competition and Markets Authority as new research shows that longstanding customers are having to pay an extra £4bn a year. Citizens Advice looked across markets for savings and mortgages, as well as three other “essential” markets including home insurance, mobile and broadband, finding that British […]

FCA appoints new competition director

The FCA has appointed Competition and Markets Authority executive Sheldon Mills as its new director of competition. Mills will manage the regulator’s operational objectives including the promotion of competition in consumers’ interests and the enforcement of sanctions on anti-competitive behaviour. Replacing Mary Starks, he will join the FCA from the CMA in November, where he […]