View more on these topics

Urgent need for wider access to advice, says Aegon UK

Aegon UK is calling on the government to improve public access to financial advice in the wake of the current economic crisis.

Speaking at a fringe breakfast meeting at the Labour party conference today Otto Thoresen, chief executive at Aegon UK, says: “Recent market turbulence means the need for clear financial advice has never been more acute. People from all walks of life are looking for advice, help and guidance to calm their fears and address their concerns.”

“It’s time to put advice on the policy agenda and make wider access to professional financial advice a key part of the government’s response to the current crisis. This is something that is now urgent, as well as important.”

Thoresen says the Financial Services Authority also has a role to play in encouraging alternative advice solutions through its Retail Distribution Review.

He adds that the government, financial services sector and the FSA should all commit to a reviewing progress early next year.


Property sales plummet for August

Figures from HM Revenue & Customs have revealed that the number of houses sold in the UK last month fell by over half compared to a year ago.

OFT to investigate HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.It is considering whether the merger will fall under the provisions of the Enterprise Act 2002. In a statement to the London Stock Exchange, it says: “Should it be found to be a relevant merger situation, the OFT will […]

Market Watch 22/09/08

Swaps fell again last week. Most of the falls seemed to follow the weekend’s announcements about Lehman Brothers and Merrill Lynch.


News and expert analysis straight to your inbox

Sign up