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Outgoing FSA chairman Turner joins US think-tank

Outgoing FSA chairman Lord Adair Turner is to take up a role with a US think-tank run by George Soros after being appointed as senior fellow.

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The Sunday Times reports Turner will take up the unpaid role, based at the organisation’s London offices, immediately.

The paper adds Turner will be tasked with “thinking big thoughts” on how to overhaul the financial system that resulted in the 2008 banking crisis.

The FSA officially disbanded to form the Financial Conduct Authority and the Prudential Regulation Authority yesterday.


FCA plans review of regulation for price comparison websites

The Financial Conduct Authority will review the regulation of price comparison websites this year as it seeks to tackle misleading consumer information. In its first annual risk outlook, published last week, the FCA says comparison sites have been a “fundamental driver” in consumers’ focus on headline prices and brands. The FCA says self-service online models […]

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Abbey to cut rates by up to 0.55%

Abbey is reducing rates by up to 0.55 per cent on a number of its residential and buy-to-let mortgages from Wednesday in addition to launching a new range of products.

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